Document ID: chunk:federal_register_of_legislation:C2004A00445:clause:4_9
Version: federal_register_of_legislation:C2004A00445
Segment Type: clause
Provision Reference: sch 4 cl 9
Character Range: 59338–59806

9  After subsection 330‑75(1)
Insert:

 (1A) If:
 (a) Common rule 1 applies as mentioned in subsection (1) of this section; and
 (b) any of the old recoupment provisions has applied to:
 (i) the transferor; or
 (ii) if there have been 2 or more prior applications of that Common rule—any of the prior transferors of the property;
section 170 of the Income Tax Assessment Act 1936 does not stop the Commissioner amending, at any time, an assessment of the transferee.