70Extended periods for amendment—taxpayer applications and private rulings

#### 70 Extended periods for amendment—taxpayer applications and private rulings Taxpayer applications (1) The Commissioner may amend an assessment in relation to a person after the end of the limited amendment period if the person applied for the amendment in the approved form before the end of the period. Private rulings (2) The Commissioner may amend an assessment in relation to a person after the end of the limited amendment period if: (a) the person applied for a private ruling under Division 359 in Schedule 1 to the Taxation Administration Act 1953 before the end of the period; and (b) the Commissioner made a private ruling under that Division; and (c) the amendment gives effect to the ruling. (3) In this section: > limited amendment period, for the amendment of an assessment, means the period mentioned in subsection 67(1) or 69(2) or (3) for the amendment of the assessment.