sec.246TLimitation period does not apply for particular reassessments

### sec.246T Limitation period does not apply for particular reassessments This section applies if— invalid AFAD is purportedly imposed on a relevant transaction; and a person makes a claim for an AFAD windfall in relation to the transaction. Despite the Administration Act , section 21 , a reassessment to decrease the person’s liability for the invalid AFAD to nil may be made at any time. s 246T ins 2025 No. 15 s 5 (sec.246T-ssec.1) This section applies if— invalid AFAD is purportedly imposed on a relevant transaction; and a person makes a claim for an AFAD windfall in relation to the transaction. (sec.246T-ssec.2) Despite the Administration Act , section 21 , a reassessment to decrease the person’s liability for the invalid AFAD to nil may be made at any time. - (a) invalid AFAD is purportedly imposed on a relevant transaction; and - (b) a person makes a claim for an AFAD windfall in relation to the transaction.