Tax Laws Amendment (2006 Measures No. 2) Act 2006 (58 of 2006)
Schedule 7 Technical corrections and improvements
Part 1 Amendments commencing on Royal Assent
Taxation Administration Act 1953
169 Subsection 340-5(3) in Schedule 1
Repeal the subsection, substitute:
(3) The Commissioner may release you, in whole or in part, from the liability if you are an entity specified in the column headed "Entity" of the following table and the condition specified in the column headed "Condition" of the table is satisfied.
|
Entity and condition |
||
|
Item |
Entity |
Condition |
|
1 |
an individual |
you would suffer serious hardship if you were required to satisfy the liability |
|
2 |
a trustee of the estate of a deceased individual |
the dependants of the deceased individual would suffer serious hardship if you were required to satisfy the liability |