INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1C - Payment of instalments by companies and certain trustees  

Subdivision B - General rules for payment of instalments  

SECTION 221AZL   COMMISSIONER MAY WAIVE OR REDUCE INSTALMENT  

221AZL(1)   [Powers]  

The Commissioner may determine that a particular instalment is not payable, or is reduced, if the Commissioner is satisfied that it is appropriate to do so having regard to the object of this Division and the particular circumstances of the taxpayer.

221AZL(2)   [Duty to refund]  

If the amount of an instalment paid by a taxpayer turns out to be excessive because of a determination later made under subsection (1), the Commissioner must refund the excess.


 

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