Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 4-50
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RELEASE FROM PARTICULAR LIABILITIES
Division 342
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Commissioner
'
s power relating to proceeds of crime proceedings
Subdivision 342-A
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Power to waive right to payment of tax-related liabilities
SECTION 342-5
342-5
OBJECT OF THIS SUBDIVISION
The object of this Subdivision is to facilitate the starting, conduct and ending of proceedings under the Proceeds of Crime Act 2002 by allowing the Commissioner to waive the right to payment of certain liabilities to the Commonwealth arising under *taxation laws.(a) the power under section
255-10
to defer the time a tax-related liability is due and payable; and
(b) the power under section
8AAG
to remit general interest charge.
View history note
Hide history noteNote: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rulesThe object of this Subdivision is to facilitate the starting, conduct and ending of proceedings under the Proceeds of Crime Act 2002 by allowing the Commissioner to waive the right to payment of certain liabilities to the Commonwealth arising under *taxation laws.
Note:
The Commissioner may also exercise other powers so as to facilitate the starting, conduct and ending of proceedings under the Proceeds of Crime Act 2002 . Examples of those other powers include:
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