Income Tax Assessment Act 1997
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Hide history noteSECTION 293-240 Entitlement to refund stops all Division 293 tax liabilities 293-240(1)
The Commissioner may decide to release you from any existing or future liability to pay * Division 293 tax or * debt account discharge liability if:
(a) you become entitled to a refund under section 293-230 ; or
(b) you would become entitled to such a refund, if you were to pay the liability and paragraph 293-230(c) were disregarded.
293-240(2)
The Commissioner may take such action as is necessary to give effect to a decision under subsection (1).
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