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 4-25 - CHARGES AND PENALTIES  

Division 298 - Machinery provisions for penalties  

Subdivision 298-A - Administrative penalties  

SECTION 298-20   REMISSION OF PENALTY  

298-20(1)    
The Commissioner may remit all or a part of the penalty.

298-20(2)    

If the Commissioner decides:

(a)    not to remit the penalty; or

(b)    to remit only part of the penalty;

the Commissioner must give written notice of the decision and the reasons for the decision to the entity.

Note:

Section 25D of the Acts Interpretation Act 1901 sets out rules about the contents of a statement of reasons.

298-20(3)    
If:

(a)    the Commissioner refuses to any extent to remit an amount of penalty; and

(b)    the amount of penalty payable after the refusal is more than 2 penalty units; and

Note:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

(c)    the entity is dissatisfied with the decision;

the entity may object against the decision in the manner set out in Part IVC .