(a) the person applies for the amendment in the form; *approved and (b) the person gives the Commissioner all the information necessary for making the amendment. 292320 Later amendments—fraud or evasion (1) If: (a) a person (or a provider covered *superannuation subsection (2)) does not make a full and true disclosure to the Commissioner of the information necessary for an *excess nonconcessional contributions tax assessment for the person for a year; and *financial (b) in making the assessment, the Commissioner makes an underassessment; and (c) the Commissioner is of the opinion that the underassessment is due to fraud or evasion; the Commissioner may amend the assessment at any time. (2) A provider is covered under this subsection if any *superannuation of the following conditions are satisfied: (a) contributions have been made to a plan of *superannuation the provider on behalf of the person in the year; *financial (b) an amount is included in the person’s *concessional contributions for the financial year subsection 29125(3) because the superannuation provider allocated it to the person; (c) taxed contributions are included in the person’s *notional concessional contributions for the financial year under section 291165 because of the person’s benefit *defined interest in a superannuation plan of the provider. 292325 Further amendment of an amended particular If: (a) an nonconcessional contributions tax assessment has *excess been amended (the in any particular; and earlier amendment)
(a) the person applies for the amendment in the *approved form; and (b) the person gives the Commissioner all the information necessary for making the amendment. 292320 Later amendments—fraud or evasion (1) If: (a) a person (or a *superannuation provider covered subsection (2)) does not make a full and true disclosure to the Commissioner of the information necessary for an *excess nonconcessional contributions tax assessment for the person for a *financial year; and (b) in making the assessment, the Commissioner makes an underassessment; and (c) the Commissioner is of the opinion that the underassessment is due to fraud or evasion; the Commissioner may amend the assessment at any time. (2) A *superannuation provider is covered under this subsection if any of the following conditions are satisfied: (a) contributions have been made to a *superannuation plan of the provider on behalf of the person in the *financial year; (b) an amount is included in the person’s *concessional contributions for the financial year subsection 29125(3) because the superannuation provider allocated it to the person; (c) *notional taxed contributions are included in the person’s concessional contributions for the financial year under section 291165 because of the person’s *defined benefit interest in a superannuation plan of the provider. 292325 Further amendment of an amended particular If: (a) an *excess nonconcessional contributions tax assessment has been amended (the earlier amendment) in any particular; and
Income_Tax_Assessment_Act_1997_Super_Extract-1.docx