TAXATION ADMINISTRATION ACT 1953

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

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 14 - Benefits, gains and taxable supplies for which amounts must be paid to the Commissioner  

Subdivision 14-D - Capital proceeds involving foreign residents and taxable Australian property  

SECTION 14-235   VARYING AMOUNTS TO BE PAID TO THE COMMISSIONER  

Policies relevant to varying amounts

14-235(1)  
In exercising a power under this section to vary an amount, the Commissioner must have regard to the need to protect a creditor ' s right to recover a debt. Varying particular amounts

14-235(2)  
The Commissioner may, in writing, vary a particular amount payable by you to the Commissioner under this Subdivision. The variation takes effect when you become aware of it.

Note:

Decisions to vary, or not to vary, are reviewable (see section 20-80 ).

14-235(3)  
Any of the following entities may apply to the Commissioner in the *approved form for a variation under subsection (2):


(a) you;


(b) an entity from which you *acquire, or could acquire, the *CGT asset;


(c) an entity that is owed a debt by an entity covered by paragraph (b).

14-235(4)  
A variation made under subsection (2) is not a legislative instrument. Varying classes of amounts

14-235(5)  
The Commissioner may, by legislative instrument, vary classes of amounts payable to the Commissioner under this Subdivision. Amounts may be reduced to nil

14-235(6)  
The Commissioner ' s power under subsection (2) or (5) to vary an amount includes the power to reduce the amount to nil.


 

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