Instalment payment of tax allowed subject to interest and conditions; default accelerates full recovery without notice. Section 80 permits the Commissioner to allow payment of amounts due under the Act by monthly instalments, excluding liabilities self-assessed in returns, ... Summary
Instalment payment of tax allowed subject to interest and conditions; default accelerates full recovery without notice.
Section 80 permits the Commissioner to allow payment of amounts due under the Act by monthly instalments, excluding liabilities self-assessed in returns, subject to interest under Section 50 and prescribed conditions; default on any instalment accelerates the entire outstanding balance to immediate payment and recovery without further notice.
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