sec.413When parties must give notice for reassessment

### sec.413 When parties must give notice for reassessment This section applies if an event mentioned in section 412 (1) (b) happens within 3 years after a dutiable transaction or relevant acquisition to which an exemption under this part was applied. Within 28 days after the event happens, a party to the dutiable transaction or person making the relevant acquisition must— give notice in the approved form to the commissioner; and ensure the instruments required for the assessment for the dutiable transaction or relevant acquisition are lodged for a reassessment of duty on the transaction or acquisition. Failure to give the notice is an offence under the Administration Act, section 120 . (sec.413-ssec.1) This section applies if an event mentioned in section 412 (1) (b) happens within 3 years after a dutiable transaction or relevant acquisition to which an exemption under this part was applied. (sec.413-ssec.2) Within 28 days after the event happens, a party to the dutiable transaction or person making the relevant acquisition must— give notice in the approved form to the commissioner; and ensure the instruments required for the assessment for the dutiable transaction or relevant acquisition are lodged for a reassessment of duty on the transaction or acquisition. Failure to give the notice is an offence under the Administration Act, section 120 . - (a) give notice in the approved form to the commissioner; and - (b) ensure the instruments required for the assessment for the dutiable transaction or relevant acquisition are lodged for a reassessment of duty on the transaction or acquisition.