Payment of tax in instalments permitted with interest and conditions; default accelerates full balance and recovery. The Commissioner may, on application and for reasons recorded in writing, extend time or allow payment of amounts due by monthly instalments subject to ... Summary
Payment of tax in instalments permitted with interest and conditions; default accelerates full balance and recovery.
The Commissioner may, on application and for reasons recorded in writing, extend time or allow payment of amounts due by monthly instalments subject to interest under section 50 and prescribed conditions; this relief excludes self-assessed liabilities in returns, and default of any instalment makes the whole outstanding balance immediately due and recoverable without further notice.
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