Document ID: chunk:federal_register_of_legislation:C2025C00014:section:3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 3
Character Range: 1583639–1584977

3                   The taxpayer had a tax loss in a nil year, none of which has been carried forward to the 2004‑05 year of income                                                                                                                                            The Commissioner cannot make an original assessment for the taxpayer for the nil year after the period of 6 years beginning on the later of the following:
                                                                                                                                                                                                                                                                               (a) the day on which the taxpayer lodged the taxpayer's return of income for the 2004‑05 year of income or, if the taxpayer is a member of a consolidated group at the end of that year of income, the day on which head company's return of income for that year of income is lodged;
                                                                                                                                                                                                                                                                               (b) the day on which the taxpayer lodged the taxpayer's return of income for the nil year.