Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1986No. 46, 1986 - SECT 19

19. After section 169 of the Principal Act the following section is inserted:
Reliance by Commissioner on return

"169A. (1) Where a return of income of a taxpayer of a year of income is
furnished to the Commissioner (whether or not by the taxpayer), the
Commissioner may, for the purposes of making an assessment in relation to the
taxpayer under this Act, accept, either in whole or in part, a statement in
the return of the assessable income derived by the taxpayer and of any
allowable deductions or rebates to which it is claimed that the taxpayer is
entitled and any other statement in the return relevant to the assessment.

"(2) Notwithstanding sub-section (1), where, in a document furnished with a
return of income of a taxpayer of a year of income and signed by or on behalf
of the taxpayer, a question is raised that is relevant to the liability of the
taxpayer to tax in respect of the year of income, the Commissioner shall give
attention to that question.

"(3) In determining whether an assessment is correct, any determination,
opinion or judgment of the Commissioner made, held or formed in connection
with the consideration of an objection against the assessment shall be deemed
to have been made, held or formed when the assessment was made.".