(1) If a
dutiable transaction —
(a) is
chargeable with duty other than under section 131 and is duty endorsed;
and
(b) the
transaction was effected by, or is in accordance with —
(i)
a matrimonial instrument or a de facto relationship
instrument that came into existence; or
(ii)
an instrument that became a matrimonial instrument or de
facto relationship instrument,
within the period of
12 months after the day on which liability to duty on the transaction
arose,
the Commissioner, on
the application of the taxpayer, is to reassess the liability to duty of the
transaction under section 131.
(2) For the purposes
of this section, the Taxation Administration Act section 17 applies as if
the original assessment had been made when the instrument became a matrimonial
instrument or a de facto relationship instrument.