INCOME TAX ASSESSMENT ACT 1997 - SECT 820.440 Revocation of choice
INCOME TAX ASSESSMENT ACT 1997 - SECT 820.440
Revocation of choice(1) A choice under section 820 - 430 can be revoked only with the written approval of the Commissioner. The Commissioner may approve a revocation only if satisfied that the entity's circumstances have changed significantly since the choice was made.
(2) If revoked, the choice does not have effect for a period
that starts on or after the day on which the Commissioner's approval is
given, unless the revocation is expressed to take effect on an earlier day. In
that case, it does not have effect for a period that starts on or after the
earlier day.