TAXATION ADMINISTRATION REGULATIONS 1976 [REPEALED]
An estimate under paragraph 62(2)(a) is not a guarantee by the Commissioner, or the Commonwealth, in relation to the amount of the charge for regulation 61 . 63(2)
If the amount of a charge worked out under regulation 61 is greater than the estimate under subregulation 62(2) , the Commissioner may recover the amount of the difference as a debt due to the Commonwealth.
The private ruling to which the valuation relates will not be finalised unless the total amount of the charge is paid.
If the amount of the charge is greater than the estimate, the Commissioner will arrange for a final invoice and collect the difference.63(3)
If the amount of a charge worked out under regulation 61 is less than the amount paid by the applicant in accordance with an estimate provided under subregulation 62(2) , the Commissioner must refund to the applicant an amount equal to the difference. 63(4)
The Commissioner must pay the refund as soon as practicable.
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.