Income Tax Assessment (1997 Act) Regulations 2021
CHAPTER 2
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LIABILITY RULES OF GENERAL APPLICATION
PART 2-5
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RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS
Division 30
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Gifts or contributions
SECTION 30-212.07
CREDITING AND REPAYING VALUATION CHARGES
30-212.07(1)
The deposit paid under section 30-212.02 is to be credited against the charge for making the valuation.
30-212.07(2)
An advance payment of the charge paid under section 30-212.04 is to be credited against the charge for making the valuation.
30-212.07(3)
The charge payable for making the valuation is a debt due to the Commonwealth and recoverable in a court of competent jurisdiction.
30-212.07(4)
However, if the total of the amounts paid under subsections (1) and (2) is more than the charge payable for making the valuation, the Commissioner must pay the difference to the applicant as soon as practicable.
The deposit paid under section 30-212.02 is to be credited against the charge for making the valuation.
30-212.07(2)
An advance payment of the charge paid under section 30-212.04 is to be credited against the charge for making the valuation.
30-212.07(3)
The charge payable for making the valuation is a debt due to the Commonwealth and recoverable in a court of competent jurisdiction.
30-212.07(4)
However, if the total of the amounts paid under subsections (1) and (2) is more than the charge payable for making the valuation, the Commissioner must pay the difference to the applicant as soon as practicable.
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