Document ID: chunk:federal_register_of_legislation:C2006C00470:clause:1_1
Version: federal_register_of_legislation:C2006C00470
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 27724–28883

1                   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 later of the following:
                    (a) the taxpayer had an amount of taxable income, and that no tax was payable;                                                                                                                                                                             (a) 31 October 2008;
                    (b) the taxpayer had no taxable income because the taxpayer's deductions equalled the taxpayer's assessable income;                                                                                                                                        (b) the period of 4 years beginning on the day on which the taxpayer lodged the taxpayer's return of income for the nil year.
                    and the taxpayer did not deduct a tax loss in the nil year