Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 214.35

Amendments within 3 years of the original assessment

             (1)  The Commissioner may amend a franking assessment for the entity for the balancing period at any time during the period of 3 years after the original assessment day for the entity for the period.

             (2)  The original assessment day for the entity for the balancing period is the day on which the first franking assessment for the entity for the period is made.



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