Payment of tax in instalments allowed subject to interest and prescribed conditions; default accelerates remaining balance and recovery. The Commissioner may, for reasons recorded in writing, allow payment of amounts due (excluding self-assessed return liability) by monthly instalments ... Summary
Payment of tax in instalments allowed subject to interest and prescribed conditions; default accelerates remaining balance and recovery.
The Commissioner may, for reasons recorded in writing, allow payment of amounts due (excluding self-assessed return liability) by monthly instalments subject to interest under section 50 and prescribed conditions; default in any instalment renders the entire outstanding balance immediately due and liable for recovery without further notice.
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