Document ID: chunk:federal_register_of_legislation:C2025C00014:section:451:p2
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 451 (pt 2/2)
Character Range: 2092830–2094726

taxpayer's notice; and
 (b) before the end of the retention period in relation to the statutory accounting period.
 (4) Upon written application made by the taxpayer within the period specified in the taxpayer's notice, the Commissioner may, by notice in writing served on the taxpayer, extend the period specified in the taxpayer's notice.
 (5) Where:
 (a) an application under subsection (4) is made before the end of the period specified in the taxpayer's notice; and
 (b) at the end of the period, the Commissioner has not notified the taxpayer of the Commissioner's decision on the application;
the following provisions have effect:
 (c) if the Commissioner's decision is not notified to the taxpayer before the end of the retention period in relation to the statutory accounting period concerned—the Commissioner is taken to have extended the period under subsection (4) to the end of the retention period;
 (d) if the Commissioner's decision is notified to the taxpayer before the end of the retention period in relation to the statutory accounting period concerned—the Commissioner is taken to have extended the period under subsection (4) to the end of the day (in this subsection called the decision day) on which the Commissioner's decision is notified to the taxpayer;
 (e) if the Commissioner decides to extend the period—subject to subsection (6), the extended period must end after the decision day.
 (6) The period as extended under subsection (4) must end before the end of the retention period in relation to the statutory accounting period.
 (7) A reference in this section to the period specified in the taxpayer's notice is a reference to the period as extended under subsection (4).
 (8) A refusal or failure to comply with the taxpayer's notice is not an offence.
 (9) Subsection 262A(4) does not apply to records kept or obtained under or for the purposes of this section.