Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_2:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/6)
Character Range: 1111927–1114715

Amendment during period of review
155‑40 Amendment during period of review—certain applications taken to be notices
155‑45 Amendment on application
155‑50 Amendment to give effect to private ruling
155‑55 Amendment to give effect to certain anti‑avoidance declarations
155‑60 Amendment because of review, objection or fraud

Special rules about amending amended assessments
155‑65 Amending amended assessments
155‑70 Refreshed period of review

General rules
155‑75 Refunds of amounts overpaid
155‑80 Amended assessments are assessments

When Commissioner may amend assessments

155‑35  Amendment during period of review

Amendment
 (1) The Commissioner may amend an assessment of an *assessable amount within the *period of review for the assessment.
Note 1: An amendment of an assessment can be reviewed: see Subdivision 155‑C.
Note 2: This section also applies to amended assessments: see section 155‑80. However, there are limits on how amended assessments can be amended: see sections 155‑65 and 155‑70.

Meaning of period of review
 (2) The period of review, for an assessment of an *assessable amount of yours, is:
 (a) the period:
 (i) starting on the day on which the Commissioner first gives notice of the assessment to you under section 155‑10; and
 (ii) ending on the last day of the period of 4 years starting the day after that day; or
 (b) if the period of review is extended under subsection (3) or (4) of this section—the period as so extended.

Extensions
 (3) The Federal Court of Australia may order an extension of the *period of review for an assessment of an *assessable amount of yours for a specified period, if:
 (a) the Commissioner has started to examine your affairs in relation to the assessment; and
 (b) the Commissioner has not completed the examination within the period of review for the assessment; and
 (c) the Commissioner, during the period of review, applies to the Federal Court of Australia for an order extending the period; and
 (d) the Court is satisfied that it was not reasonably practicable, or it was inappropriate, for the Commissioner to complete the examination within the period of review, because of:
 (i) any action taken by you; or
 (ii) any failure by you to take action that it would have been reasonable for you to take.
 (4) You may, by written notice given to the Commissioner, consent to the extension of the *period of review for an assessment of an *assessable amount of yours for a specified period, if:
 (a) the Commissioner has started to examine your affairs in relation to the assessment; and
 (b) the Commissioner has not completed the examination within the period of review for the assessment; and
 (c) the Commissioner, during the period of review, requests you to consent to extending the period of review.
 (5) An