Employee benefit arrangements general interest charge concessions

Following the release by the Minister for Revenue and Assistant Treasurer, the Hon Mal Brough, MP, of a report by the Inspector-General of Taxation, the Commissioner of Taxation has announced steps to improve the administration of the general interest charge.

The Commissioner’s announcement also includes special arrangements for participants in employee benefit arrangements.

Media release – Tax Office improves GIC administration.

Fact sheets:

• Partial remission of interest for participants in employee benefit arrangements.
• Guidelines for consideration of applications by individual participants for remission of interest and/or further remission of penalty.

Letter to participants in employee benefit arrangements.

Payment options for participants in employee benefit arrangements.

Last Modified: Saturday, 2 April 2005