Taxation Administration Act 1953

This section applies if the Commissioner releases you from a liability to pay a *PAYG instalment.

If your liability to pay the instalment is released in whole, you are taken, for the purposes of Division 45 of Part 2‑10, not to be liable to pay the instalment.

This means that for the purposes of section 45‑30 you are not entitled to a credit for the instalment.

If your liability to pay the instalment is released in part, you are taken, for the purposes of Division 45 of Part 2‑10, to be liable to pay the instalment to the extent to which your liability has not been released.

This means that for the purposes of section 45‑30 you are entitled to a credit for the instalment to the extent to which your liability to pay the instalment has not been released.