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 4-50 - RELEASE FROM PARTICULAR LIABILITIES  

Division 340 - Commissioner ' s power in cases of hardship  

Operative provisions  

SECTION 340-25   EXTINGUISHING YOUR LIABILITY TO PAY A PAYG INSTALMENT IF YOU ARE RELEASED  

340-25(1)    
This section applies if the Commissioner releases you from a liability to pay a *PAYG instalment.

340-25(2)    
If your liability to pay the instalment is released in whole, you are taken, for the purposes of Division 45 of Part 2-10 , not to be liable to pay the instalment.

Note:

This means that for the purposes of section 45-30 you are not entitled to a credit for the instalment.

340-25(3)    
If your liability to pay the instalment is released in part, you are taken, for the purposes of Division 45 of Part 2-10 , to be liable to pay the instalment to the extent to which your liability has not been released.

Note:

This means that for the purposes of section 45-30 you are entitled to a credit for the instalment to the extent to which your liability to pay the instalment has not been released.