![]() ![]() ![]() The processing timeframes we aim for depend on the lodgment method used: We send your notice of assessment to you after we process your tax return or franking credits lodgment. This review period is normally two years, but in certain circumstances it can be four years. During this time, we may increase or decrease the amount of tax payable (or refundable) on your initial. Under the law, we have a period of time to review your tax return. In this circumstance we attach the payment advice to the statement of account. In some cases we send a statement of account with a notice of assessment. If you have a tax bill to pay, your notice of assessment will contain your payment advice. When you receive your notice of assessment, you should check everything is correct. any excess private health reduction or refund (if applicable).credit you have for tax already paid during the income year.The notice of assessment we send you will show the amount of: If you think your notice of assessment is wrong.Request a copy of your notice of assessment. ![]() The itemised statement we issue when a tax return or franking credit lodgment is processed is called a notice of assessment. ![]()
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