Queensland Consolidated Acts

TAXATION ADMINISTRATION ACT 2001 - SECT 21

21 Time for reassessment decreasing liability for tax

(1) A reassessment decreasing a taxpayer’s liability for tax must be made in the limitation period.

(2) However, if, within the limitation period, the taxpayer asks for a reassessment to decrease the taxpayer’s liability, the reassessment may be made after the limitation period.