Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

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History

Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

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Ch 4 heading inserted by No 73 of 2006 , s 3 and Sch 5 item 42, effective 1 July 2006.

PART 4-50 - RELEASE FROM PARTICULAR LIABILITIES  

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Part 4-50 inserted by No 67 of 2003.

Division 340 - Commissioner ' s power in cases of hardship  

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Div 340 heading substituted by No 56 of 2010, s 3 and Sch 6 item 12, effective 3 June 2010. The heading formerly read:

Commissioner ' s power to provide release from particular liabilities

Div 340 inserted by No 67 of 2003. Act No 67 of 2003, s 3 and Sch 9 item 19, contained the following application provision:

Application provision  
19
A person may be released, under Division 340 in Schedule 1 to the Taxation Administration Act 1953 , from a liability that the person has incurred even if the liability was incurred before 1 September 2003.

Operative provisions  

SECTION 340-25   EXTINGUISHING YOUR LIABILITY TO PAY A PAYG INSTALMENT IF YOU ARE RELEASED  

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340-25(1)    
This section applies if the Commissioner releases you from a liability to pay a *PAYG instalment.

340-25(2)    
If your liability to pay the instalment is released in whole, you are taken, for the purposes of Division 45 of Part 2-10 , not to be liable to pay the instalment.

Note:

This means that for the purposes of section 45-30 you are not entitled to a credit for the instalment.

340-25(3)    
If your liability to pay the instalment is released in part, you are taken, for the purposes of Division 45 of Part 2-10 , to be liable to pay the instalment to the extent to which your liability has not been released.

Note:

This means that for the purposes of section 45-30 you are entitled to a credit for the instalment to the extent to which your liability to pay the instalment has not been released.

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History

S 340-25 inserted by No 67 of 2003. For application provision see note under Div 340 heading.

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