Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 214.120

    If:

  (a)   a * corporate tax entity does not make a full and true disclosure to the Commissioner of the information necessary for a * franking assessment for the entity for an income year; and

  (b)   in making the assessment, the Commissioner makes an * under - assessment; and

  (c)   the Commissioner is of the opinion that the under - assessment is due to fraud or evasion;

the Commissioner may amend the assessment at any time.