SCHEDULES

SCHEDULE 39Time limits for assessments, claims etc.

ITA 2007

I159

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) ”.