Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013

87 Section RM 2 amended (Refunds for overpaid tax)


In section RM 2(1), replace paragraph (b) with:


the Commissioner is satisfied, or receives notice, that the person is entitled to the refund before the end of—


the 4-year period under section 108 of the Tax Administration Act 1994 for amendment of an assessment, if subparagraph (ii) does not apply; or


the extended period allowed by the Commissioner under section 78B of that Act, if the Commissioner exercises the discretion under that section.



Subsections (1) and (2) apply to overpayments for the 2013–14 and later tax years.