Queensland Consolidated Acts Queensland Consolidated Acts(1) Subject to sections 21 and 22, the commissioner may, at any time, make a reassessment of a taxpayer's liability for tax.
(2) However, the commissioner may make a reassessment of a taxpayer's liability assessed under a compromise assessment only—
(a) with the taxpayer's written agreement; or
(b) if the commissioner reasonably believes the compromise assessment was—
(i) obtained by fraud; or
(ii) made on the basis of a false or misleading statement or there was a failure to give material information.
(3) The commissioner may make a reassessment under subsection (1) even if an objection or appeal against, or review of, the assessment of the taxpayer's liability for tax has started but not yet been decided.
(4) The commissioner can not be compelled to make a reassessment under subsection (1) decreasing a taxpayer's liability for tax.
(5) The commissioner's decision not to make a reassessment of a taxpayer's liability for tax is a non-reviewable decision.