I've read several times on the ATO site and on this forum "The law sets time limits for amending your tax assessment. For individuals the time limit is generally two years from the day after we give you the notice of assessment for the year in question (generally taken to be the date on the notice or, if we don't issue a notice, the date the relevant return was lodged)." - I'm just wondering if anyone could tell me which law this is so that I can quote it?
Our employer is claiming over and under payments have been made to staff since 2020 and I'm wondering if there is a statute of limitations on anything over 2 years? Individual tax returns will need to be redone for the last 4 years.
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