The result of an amendment is a new notice of assessment, which the ATO call a notice of amended assessment. It shows the new amount payable or refundable. Quiz 2 Question 1 Fill in the missing words to complete the paragraphs. It is the role of the treasury/ board of taxation retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth and lead to the improved wellbeing of Australians. treas oref/bord of taxation The a business and broader community perspective to improving the design of taxation laws and their operation. The is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility. treasury / board of taxation The is tasked with advising the Treasurer on improving the general integrity and functioning of the taxation system and commissioning research and other studies on tax matters