Commonwealth Consolidated Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 73

    Where:

  (a)   an employer has not furnished a return in respect of a year of tax; and

  (b)   the Commissioner is of the opinion that the employer is liable to pay tax in respect of that year;

the Commissioner may, whether during that year or after the end of that year, make an assessment of:

  (c)   the fringe benefits taxable amount of the employer of the year of tax; and

  (d)   the amount of tax payable on that fringe benefits taxable amount.