Document ID: chunk:federal_register_of_legislation:C2006C00470:clause:1_2
Version: federal_register_of_legislation:C2006C00470
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 28883–30296

2                   The taxpayer's return of income for a nil year disclosed, or the Commissioner has given the taxpayer a notice for a nil year that stated, either of the following:                                                                                         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 taxpayer had an amount of taxable income, and that no tax was payable;                                                                                                                                                                             (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 taxpayer had no taxable income because the taxpayer's deductions equalled the taxpayer's assessable income;                                                                                                                                        (b) the day on which the taxpayer lodged the taxpayer's return of income for the nil year.
                    and the taxpayer did deduct a tax loss in the nil year