BANKRUPTCY ACT 1966

PART XV - PROVISIONS RELATING TO THE BANKRUPTCY (ESTATE CHARGES) ACT 1997  

SECTION 283   REMISSION OF INTEREST CHARGE, REALISATIONS CHARGE AND LATE PAYMENT PENALTY  

283(1)   [When Inspector-General may remit]  

The Inspector-General may remit an amount of interest charge, realisations charge or late payment penalty that is payable but has not been paid if the Inspector-General thinks that:


(a) failure to remit the amount would cause a person undue hardship; and


(b) it is appropriate to remit the amount.

283(2)   [Application for remission]  

The following provisions apply in relation to remissions under subsection (1):


(a) the person liable to pay the charge or penalty may apply for a remission;


(b) an application is to be in writing, setting out the reasons for the application, and is to be made to the Inspector-General;


(c) the Inspector-General ' s decision on an application is to be in writing;


(d) application may be made to the Administrative Appeals Tribunal for review of a decision to refuse an application, or to remit a lesser amount than was applied for.

Note:

Section 27A of the Administrative Appeals Tribunal Act 1975 requires notification of a decision that is reviewable.




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