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.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.