64Reliance on information in returns and statements

#### 64 Reliance on information in returns and statements (1) The Commissioner may accept (in whole or in part) the following for the purposes of making an assessment in relation to a person, a year of tax and a petroleum project: (a) a statement in a return of the assessable receipts, deductible expenditure or transferable exploration expenditure in relation to the project; (b) any other statement in the return, or otherwise, made by or on behalf of the person. (2) In determining whether an assessment is correct, any determination, opinion or judgment of the Commissioner made, held or formed in connection with the consideration of an objection against the assessment is taken to have been made, held or formed when the assessment was made.