SCHEDULES

SCHEDULE 39Time limits for assessments, claims etc.

ITA 2007

59

(1)

Section 237 (EIS relief: time limits for assessments) is amended as follows.

(2)

In subsection (1)—

(a)

omit “not”, and

(b)

for “more than” substitute “ at any time not more than ”.

(3)

In subsection (3)—

(a)

for “36” substitute “ 36(1A) ”, and

(b)

for “(fraudulent or negligent conduct)” substitute “ (loss of tax brought about deliberately etc) ”.