Document ID: chunk:federal_register_of_legislation:C2024C00447:section:17
Version: federal_register_of_legislation:C2024C00447
Segment Type: section
Provision Reference: s 17
Character Range: 26732–27410

17  Fresh assessments
 (1) Subject to subsection (2), if the collecting agency is satisfied that an assessment was incorrect, the collecting agency may make a fresh assessment under section 16 in substitution for the incorrect assessment, even though levy or understatement penalty may have been paid in respect of the incorrect assessment.
 (2) A fresh assessment may:
 (a) if the incorrect assessment was based on false or misleading information given to the APVMA, an Agency specified by instrument under section 3A or an inspector—be made at any time; or
 (b) otherwise—be made only within 4 years from the date on which levy became payable under the incorrect assessment.