158d160b_y__Terms_and_Definitions___GIO__1
[0] Tax audit [2] Business Insurance Business Insurance for Professionals Trade Insurance [1] 
a.The audit of a tax return submitted by you or on your behalf in respect of your liability to pay any designated tax (including the amount of tax payable) following lodgement of a tax return for that designated tax; or b. Any official inquiry, investigation, examination or review in respect of your liability to pay any designated tax (including the amount of tax payable) following lodgement of a tax return for that designated tax. If an official inquiry, investigation, examination or review referred to in paragraph (b) above escalates or results in an audit as referred to in paragraph (a) above, then this would be viewed as one tax audit for the purposes of the Tax Audit policy section. For the purpose of the Tax Audit policy section: a.the tax audit commences at the time you or your professional adviser first receive notice of the proposed tax audit. b.the tax audit is complete when: i. the auditor has given written notice to that effect; ii.the auditor notifies us that it has made a concluded decision about your returns; iii.when the auditor has issued an assessment or amended assessment of your returns; or iv.in the absence of i, ii or iii where your professional adviser declares in writing that such an audit has been concluded.
Insurance Glossary, Terms and Definitions - GIO
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