Taxation Administration Act 1953

PART IIA - THE GENERAL INTEREST CHARGE  

SECTION 8AAG   REMISSION OF THE CHARGE  

8AAG(1)   [Commissioner may remit all or part]  

The Commissioner may remit all or a part of the charge payable by a person.

8AAG(2)   [Overdue unpaid amounts]  

However, if a person is liable to pay the charge because an amount remains unpaid after the time by which it is due to be paid, the Commissioner may only remit all or a part of the charge in the circumstances set out in subsection (3), (4) or (5).

8AAG(3)   [Circumstances not due to the person]  

The Commissioner may remit all or a part of the charge referred to in subsection (2) if the Commissioner is satisfied that:


(a) the circumstances that contributed to the delay in payment were not due to, or caused directly or indirectly by, an act or omission of the person; and


(b) the person has taken reasonable action to mitigate, or mitigate the effects of, those circumstances.

8AAG(4)   [Where it is fair and reasonable to remit charge]  

The Commissioner may remit all or a part of the charge referred to in subsection (2) if the Commissioner is satisfied that:


(a) the circumstances that contributed to the delay in payment were due to, or caused directly or indirectly by, an act or omission of the person; and


(b) the person has taken reasonable action to mitigate, or mitigate the effects of, those circumstances; and


(c) having regard to the nature of those circumstances, it would be fair and reasonable to remit all or a part of the charge.

8AAG(5)   [When Commissioner may remit charges]  

The Commissioner may remit all or a part of the charge referred to in subsection (2) if the Commissioner is satisfied that:


(a) there are special circumstances because of which it would be fair and reasonable to remit all or a part of the charge; or


(b) it is otherwise appropriate to do so.


 

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