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 4-15 - COLLECTION AND RECOVERY OF TAX-RELATED LIABILITIES AND OTHER AMOUNTS  

Division 255 - General rules about collection and recovery  

Subdivision 255-B - Commissioner ' s power to vary payment time  

SECTION 255-10   TO DEFER THE PAYMENT TIME  

Deferrals for particular taxpayers

255-10(1)  
The Commissioner may, having regard to the circumstances of your particular case, defer the time at which an amount of a *tax-related liability is, or would become, due and payable by you (whether or not the liability has already arisen). If the Commissioner does so, that time is varied accordingly.

Note:

General interest charge or any other relevant penalty, if applicable for any unpaid amount of the liability, will begin to accrue from the time as varied. See, for example, paragraph 5-15(a) of the Income Tax Assessment Act 1997 .

255-10(2)  
The Commissioner must do so by written notice given to you. Deferrals for classes of taxpayers

255-10(2A)  


The Commissioner, having regard to the circumstances of the case, may, by notice published on the Australian Taxation Office website, defer the time at which amounts of *tax-related liabilities are, or would become, due and payable by a class of taxpayers (whether or not the liabilities have already arisen).

255-10(2B)  


If the Commissioner does so, that time is varied accordingly.
Note:

General interest charge and any other relevant penalties, if applicable for any unpaid amounts of the liabilities, will begin to accrue from the time as varied. See, for example, paragraph 5-15(a) of the Income Tax Assessment Act 1997 .

255-10(2C)  


A notice published under subsection (2A) is not a legislative instrument. Deferral does not affect time for giving form

255-10(3)  


A deferral under this section does not defer the time for giving an *approved form to the Commissioner.
Note:

Section 388-55 allows the Commissioner to defer the time for giving an approved form.


 

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