12Compromise assessment

#### 12 Compromise assessment 12 Compromise assessment > > (1) The Chief Commissioner may make an assessment in accordance with this section— > > > > > (a) if it is difficult or impracticable for the Chief Commissioner to determine a person’s tax liability under a taxation law without undue delay or expense because of the complexity or uncertainty of the case or for any other reason, or > > > > > (b) for the purpose of settling a dispute between the Chief Commissioner and a person concerning the person’s tax liability (whether or not a previous assessment has been made). > > > (2) The Chief Commissioner may, with the agreement of the taxpayer, assess liability in an amount specified in, or determined in accordance with, the agreement. > > > (3) Despite section 9, the Chief Commissioner cannot make a reassessment of a tax liability assessed in accordance with this section— > > > > > (a) except with the agreement of the taxpayer, or > > > > > (b) unless the assessment under this section was procured by fraud or there was a deliberate failure to disclose material information. > > > (4) (Repealed) > > > (5) This section does not limit the power of the Chief Commissioner to make an assessment by way of estimate under section 11. > > **s 12:** Am 2000 No 72, Sch 2 \[7\]; 2012 No 76, Sch 4 \[1\].