Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 222AGD

             (1)  This subsection revokes an estimate if:

                     (a)  the person liable or the person's trustee gives the Commissioner a statutory declaration that complies with section 222AGF; and

                     (b)  the declaration is to the effect that, during the period concerned, the person did not:

                              (i)  make any deductions for the purposes of Division 1AA, 2, 3A, 3B or 4; or

                             (ii)  withhold any amounts under Division 12 in Schedule 1 to the Taxation Administration Act 1953 ; or

                            (iii)  receive any payments that gave rise to a liability under Division 13 in that Schedule; or

                            (iv)  provide any non‑cash benefits that gave rise to a liability under Division 14 in that Schedule;

                            as the case requires.

Note:          Sections 222AHD, 222AIC and 222AIG also provide for the automatic revocation of an estimate.

             (2)  The Commissioner may at any time revoke an estimate, but is not obliged to consider whether or not to do so.

             (3)  If the Commissioner revokes an estimate under subsection (2), he or she must send to the person liable or to the person's trustee a written notice that:

                     (a)  identifies the liability to which the estimate relates; and

                     (b)  states that the estimate has been revoked.

The revocation takes effect when the notice is sent.