Taxation Laws Amendment Act (No. 3) 1999 (11 of 1999)
Schedule 1 Running balance accounts, general interest charge and related matters
Part 1 Amendments
Income Tax Assessment Act 1936
120 Section 220AU
Repeal the section, substitute:
220AU Commissioner may remit penalty for failure to deduct
(1) The Commissioner may remit all or a part of the penalty a person is liable to pay under subsection 220AS(1).
(2) The Commissioner must give written notice to the person if the Commissioner decides:
(a) to remit a part only of the penalty; or
(b) not to remit any part of the penalty.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
