Document ID: chunk:federal_register_of_legislation:C2024A00135:clause:3_3a
Version: federal_register_of_legislation:C2024A00135
Segment Type: clause
Provision Reference: sch 3 cl 3A
Character Range: 6856–7702

3A  The Commissioner may amend an assessment of an individual, a company or a person (in the capacity of a trustee of a trust estate) for a year of income within 4 years after the day on which the Commissioner gives notice of the assessment to the taxpayer if:  This item is subject to items 5 and 6.
    (a) the individual, company or trust is a small business entity or a medium business entity for the year; and
    (b) the individual, company or trustee applies for an amendment in the approved form before the end of that 4 year period; and
    (c) the Commissioner could amend the assessment within 2 years under item 1, 2 or 3; and
    (d) the period within which the Commissioner could amend the assessment under item 1, 2 or 3 has ended.
    The Commissioner may amend the assessment to give effect to the decision on the application.