Taxation Administration Act 1953
View history note
Hide history noteNote: See section 3AA .
Chapter 5 - AdministrationYou are not liable to pay the *general interest charge or the *shortfall interest charge under a relevant provision to the extent that the charge would relate to a *shortfall amount or a *scheme shortfall amount that was caused by:
(a) you reasonably relying in good faith on:
(i) advice (other than a ruling) given to you or your *agent by the Commissioner; or
unless the advice, or the statement or publication, is labelled as non-binding; or
(ii) a statement in a publication approved in writing by the Commissioner;
(b) you reasonably relying in good faith on the Commissioner ' s general administrative practice.
Note:
Section 357-55 specifies the relevant provisions.
361-5(2)
However, subsection (1) does not apply to any *general interest charge accruing more than 21 days after the Commissioner notifies you of the correct position.
361-5(3)
(Repealed by No 56 of 2010)
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