Payment in instalments: Commissioner may allow instalment payment subject to interest and conditions; default accelerates full recovery. The Commissioner may, on written reasons and application, allow payment of amounts due under the Act by monthly instalments subject to interest and ... Summary
Payment in instalments: Commissioner may allow instalment payment subject to interest and conditions; default accelerates full recovery.
The Commissioner may, on written reasons and application, allow payment of amounts due under the Act by monthly instalments subject to interest and prescribed conditions, excluding amounts self-assessed in returns. If any instalment is missed, the entire outstanding balance becomes immediately due and is liable for recovery without further notice.
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