Western Australian Numbered Acts Western Australian Numbered Acts (1) An application for
assessment or reassessment under this Division must be —
(a) made
in the approved form by the transferee or, if there is more than one, each
transferee; and
(b)
accompanied by such transaction record for the transaction as is required to
be lodged under section 23.
(2) For the purposes
of this Division, the Taxation Administration Act section 17 applies as
if —
(a) in
respect of a FHOG concessional transaction —
(i)
despite subsection (1) of that section, a person is
not entitled to apply for a reassessment other than within the period
beginning on the commencement date of the FHOG concessional transaction to
which the application relates and ending whichever is the later of the day
that is —
(I) 12 months after the day on which
the FHOG concessional transaction was completed; or
(II) if an application
for a first home owner grant has been made, 3 months after the day on which
the grant is paid;
and
(ii)
despite subsection (4) of that section, the
Commissioner is to make a reassessment on an application in respect of a FHOG
concessional transaction made within that time;
and
(b) in
respect of a further FHOG concessional transaction —
(i)
despite subsection (1) of that section, a person is
not entitled to apply for a reassessment more than 12 months after
whichever is the later of the day on which an instrument effecting the
transaction was executed or the day on which the transaction was effected; and
(ii)
despite subsection (4) of that section, the
Commissioner is to make a reassessment on an application in respect of a FHOG
concessional transaction made within that time.