309Period within which assessment must be made

##### 309 Period within which assessment must be made (1) AUSTEL must make its assessment under section 308 for a financial year as soon as practicable, but in any event within the first 90 days after that financial year. (2) However, AUSTEL may, by written notice given to each participating carrier in relation to the financial year, extend, or further extend, the period within which AUSTEL must make the assessment. (3) A notice under subsection (2) may be given only if the period, or the period as last extended, as the case may be, has not yet ended. (4) A notice under subsection (2) must state that AUSTEL: (a) needs more time in order to make its assessment under section 308 for the financial year; and (b) is extending, or further extending, as the case requires, to the end of a specified day the period within which it must make the assessment.