The following provisions apply if, under a revenue law, a self assessor lodges a transaction statement—
(a) an assessment (a
"standard self assessment" ) is taken to have been made for the amount of a taxpayer’s liability for tax stated in the statement;
(b) the assessment under paragraph (a) is taken to have been made by the commissioner;
(c) the liability for tax for the assessment is the amount stated in the statement for the liability;
(d) despite section 26 (2) , the statement is taken to be an assessment notice for the assessment;
(e) the assessment notice is taken to have been given under section 26 to the taxpayer for whom the assessment is made.