TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-5 - RULINGS  

Division 361 - Non-ruling advice and general administrative practice  

SECTION 361-5   NON-RULING ADVICE AND GENERAL ADMINISTRATIVE PRACTICE  

361-5(1)  
You are not liable to pay the *general interest charge or the *shortfall interest charge under a relevant provision to the extent that the charge would relate to a *shortfall amount or a *scheme shortfall amount that was caused by:


(a) you reasonably relying in good faith on:


(i) advice (other than a ruling) given to you or your *agent by the Commissioner; or

(ii) a statement in a publication approved in writing by the Commissioner;
unless the advice, or the statement or publication, is labelled as non-binding; or


(b) you reasonably relying in good faith on the Commissioner ' s general administrative practice.

Note:

Section 357-55 specifies the relevant provisions.

361-5(2)  
However, subsection (1) does not apply to any *general interest charge accruing more than 21 days after the Commissioner notifies you of the correct position.

361-5(3)  
(Repealed by No 56 of 2010)




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