Income Tax Act 2007 section 960

Further provisions about assessments

Section 960 deals with the due date for income tax assessments, the effect of appeals on that due date, repayment of overpaid tax following a successful appeal, and the ability to combine multiple assessments into one.

• Income tax assessed under this Chapter is due on the date specified in section 951, regardless of any appeal against the assessment.
• An appeal against the assessment does not change or postpone the date on which the tax is due.
• If an appeal is determined in the taxpayer's favour and tax has been overpaid, the excess must be repaid.
• Where tax is assessable under more than one provision of this Chapter, it may be combined into a single assessment provided all the tax falls due on the same date.