INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
The Commissioner shall make an assessment of the additional tax payable by a person under a provision of this Part.227(2) [Notice of assessment]
Nothing in this Act shall be taken to preclude notice of an assessment made in respect of a person under subsection (1) from being incorporated in notice of any other assessment made in respect of the person under this Act.227(3) [Commissioner's discretion to remit]
The Commissioner may, in the Commissioner's discretion, remit the whole or any part of the additional tax payable by a person under a provision of this Part, but, for the purposes of the application of subsection
Acts Interpretation Act 1901
to the power of remission conferred by this subsection, nothing in this Act shall be taken to preclude the exercise of the power at a time before an assessment is made under subsection (1) of the additional tax.
Section 204 sets out when the additional tax is payable and the consequences of not paying it on time.