80QBFresh assessments

80QB Fresh assessments

(1) Subject to subsection (2), if the Director is satisfied that an assessment made under section 80QA is incorrect, the Director may make a fresh assessment under that section in substitution for the original assessment, whether or not registration charge has been fully paid in respect of the original assessment. (2) A fresh assessment may: (a) if the original assessment was based on false or misleading information given to the Director—be made at any time; or (b) otherwise—be made only within 4 years from the day on which charge became payable under the original assessment.