Document ID: chunk:federal_register_of_legislation:C2018C00085:section:4
Version: federal_register_of_legislation:C2018C00085
Segment Type: section
Provision Reference: s 4
Character Range: 13775–14323

4  Amendment of assessments
  Section 170 of the Income Tax Assessment Act 1936 does not prevent the amendment of an assessment if:
 (a) the assessment was made before the commencement of Schedule 3 (about CGT exemption for compensation and insurance) to this Act; and
 (b) the amendment is made for the purpose of giving effect to that Schedule; and
 (c) the amendment is made within 2 years after the day that Schedule commences.
Note: The 2‑year period in paragraph (c) can be extended (see section 170A of the Income Tax Assessment Act 1936).