Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 4-50
-
RELEASE FROM PARTICULAR LIABILITIES
Division 340
-
Commissioner
'
s power in cases of hardship
Operative provisions
SECTION 340-10
LIABILITIES TO WHICH THIS SECTION APPLIES
340-10(1)
This section applies to a liability if it is a liability of the following kind:
(a) fringe benefits tax;
(b) an instalment of fringe benefits tax;
(c) *Medicare levy;
(d) *Medicare levy (fringe benefits) surcharge;
(e) a *PAYG instalment.
340-10(2)
This section also applies to a liability if it is a liability that is specified in the column headed " Liabilities " of the following table and the liability is a liability under a provision or provisions of an Act specified in the column headed " Provision(s) " of the table:
View history note
Hide history noteNote: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rulesThis section applies to a liability if it is a liability of the following kind:
(a) fringe benefits tax;
(b) an instalment of fringe benefits tax;
(c) *Medicare levy;
(d) *Medicare levy (fringe benefits) surcharge;
(e) a *PAYG instalment.
340-10(2)
This section also applies to a liability if it is a liability that is specified in the column headed " Liabilities " of the following table and the liability is a liability under a provision or provisions of an Act specified in the column headed " Provision(s) " of the table:
| Liabilities and provision(s) | ||
| Item | Liabilities | Provision(s) |
| 1 | additional tax | (a) section 93 or 112B of the
Fringe Benefits Tax Assessment Act 1986
; or
(b) former section 163B or subsection 221YDB(1), (1AAA), (1AA) or (1ABA) or Part VII of the Income Tax Assessment Act 1936 |
| 2 | administrative penalty in relation to fringe benefits tax or *tax | Part 4-25 in this Schedule |
| 3 | general interest charge | (a) former section 163AA, former section 170AA, former subsection 204(3) or former subsection 221AZMAA(1), 221AZP(1), 221YD(3) or 221YDB(3) of the
Income Tax Assessment Act 1936
; or
(aa) section 5-15 in the Income Tax Assessment Act 1997 ; or (b) section 45-80 or 45-620 or subsection 45-230(2), 45-232(2), 45-235(2) or 45-235(3) in this Schedule |
| 3A | shortfall interest charge | Division 280 in this Schedule |
| 4 | interest | section 102AAM of the Income Tax Assessment Act 1936 |
| 5 | penalty | former section 163A of the Income Tax Assessment Act 1936 |
| 6 | *tax | (a) section 128B of the
Income Tax Assessment Act 1936
; or
(b) section 128V of the Income Tax Assessment Act 1936 ; or (c) section 4-1 of the Income Tax Assessment Act 1997 ; or (d) section 840-805 of the Income Tax Assessment Act 1997 ; or (da) section 840-905 of the Income Tax Assessment Act 1997 ; or (e) section 840-805 of the Income Tax (Transitional Provisions) Act 1997 |
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.