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(1) The Commissioner-General may, in the circumstances specified in section 28 (3), make a pre-emptive assessment of tax payable or to become payable by a person under a tax law whether or not the person is required to file a tax return.

(2) The Commissioner-General may, instead of making a pre-emptive assessment, accept from a person security for outstanding and future tax liabilities as the Commissioner-General considers appropriate.

(3) The Commissioner-General shall use best judgement and information reasonably available in making a pre-emptive assessment or fixing the amount of security.

(4) A pre-emptive assessment may be for a period or with respect to an event or subject matter that the Commissioner-General may specify in the notice of assessment.

(5) Unless the Commissioner-General specifies otherwise in the notice of assessment, a pre-emptive assessment does not relieve a person from the obligation to file a tax return or otherwise report a taxable event as required by a tax law.

(6) The filing of a tax return, including where the filing of the return results in a self-assessment, does not affect a pre-emptive assessment.

(7) A tax paid with respect to a pre-emptive assessment is credited against tax payable with respect to a self-assessment that covers the same period, event or tax.