TAXATION ADMINISTRATION ACT 1953

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

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-25 - CHARGES AND PENALTIES  

Division 298 - Machinery provisions for penalties  

Subdivision 298-A - Administrative penalties  

SECTION 298-20   REMISSION OF PENALTY  

298-20(1)  
The Commissioner may remit all or a part of the penalty.

298-20(2)  


If the Commissioner decides:


(a) not to remit the penalty; or


(b) to remit only part of the penalty;

the Commissioner must give written notice of the decision and the reasons for the decision to the entity.

Note:

Section 25D of the Acts Interpretation Act 1901 sets out rules about the contents of a statement of reasons.

298-20(3)  
If:


(a) the Commissioner refuses to any extent to remit an amount of penalty; and


(b) the amount of penalty payable after the refusal is more than 2 penalty units; and

Note:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.


(c) the entity is dissatisfied with the decision;

the entity may object against the decision in the manner set out in Part IVC .


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.