Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
If the Commissioner decides to release you from a liability to which section 340-10 applies, the Commissioner may take such action as is necessary to give effect to the decision. 340-15(2)
Without limiting subsection (1), the Commissioner may amend an assessment within the meaning of the following provisions:
(a) subsection 6(1) of the Income Tax Assessment Act 1936 ;
(b) subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986 ;
Subsection (2) does not limit the power of the Commissioner to amend the assessment in accordance with any other provision of the Income Tax Assessment Act 1936 or the Fringe Benefits Tax Assessment Act 1986 .
Note: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rules
PART 4-50
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RELEASE FROM PARTICULAR LIABILITIES
Division 340
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Commissioner
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s power in cases of hardship
Operative provisions
SECTION 340-15
COMMISSIONER MAY TAKE ACTION TO GIVE EFFECT TO A RELEASE DECISION
340-15(1)
If the Commissioner decides to release you from a liability to which section 340-10 applies, the Commissioner may take such action as is necessary to give effect to the decision. 340-15(2)
Without limiting subsection (1), the Commissioner may amend an assessment within the meaning of the following provisions:
(a) subsection 6(1) of the Income Tax Assessment Act 1936 ;
(b) subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986 ;
by making such alterations or additions to the assessment as the Commissioner thinks necessary.
340-15(3)Subsection (2) does not limit the power of the Commissioner to amend the assessment in accordance with any other provision of the Income Tax Assessment Act 1936 or the Fringe Benefits Tax Assessment Act 1986 .
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