TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)

PART IIA - THE GENERAL INTEREST CHARGE  

Division 3 - The late reconciliation statement penalty  

SECTION 8AAS (Archive)   REMISSION OF THE PENALTY  

8AAS(1)   [Remission where person not at fault]  

The Commissioner may remit all or a part of the penalty payable by a person if the Commissioner is satisfied that:

(a) the circumstances that contributed to the failure to give, or delay in giving, the Commissioner the statement, report or form referred to in the provision which makes the person liable to pay the penalty were not due to, or caused directly or indirectly by, an act or omission of the person; and

(b) the person has taken reasonable action to mitigate, or mitigate the effects of, those circumstances.

8AAS(2)   [Special circumstances]  

The Commissioner may also remit all or a part of the penalty if the Commissioner is satisfied that there are special circumstances because of which it would be fair and reasonable to remit all or a part of the penalty.