Bankruptcy Act 1966

PART XV - PROVISIONS RELATING TO THE BANKRUPTCY (ESTATE CHARGES) ACT 1997  

SECTION 283   REMISSION OF INTEREST CHARGE, REALISATIONS CHARGE AND LATE PAYMENT PENALTY  

283(1)    
The Inspector-General may remit an amount of interest charge, realisations charge or late payment penalty that is payable but has not been paid if the Inspector-General thinks that:

(a)    

failure to remit the amount would cause a person undue hardship; and

(b)    it is appropriate to remit the amount.

283(2)    
The following provisions apply in relation to remissions under subsection (1) :

(a)    the person liable to pay the charge or penalty may apply for a remission;

(b)    an application is to be in writing, setting out the reasons for the application, and is to be made to the Inspector-General;

(c)    the Inspector-General ' s decision on an application is to be in writing;

(d)    

application may be made to the Administrative Review Tribunal for review of a decision to refuse an application, or to remit a lesser amount than was applied for.

Note:

Section 266 of the Administrative Review Tribunal Act 2024 requires notification of a decision that is reviewable.