52
CurrentEffect of discharge of debt on garnishee notice
Part 4Payments and refunds of tax and other amounts
Division 5Recovery of tax and other amounts
Subdivision 2Obligations of administrators and garnishees
52 Effect of discharge of debt on garnishee notice
(1)
This section applies if—
(a)
the taxpayer’s debt to which the garnishee notice relates is discharged, whether completely or partly, before the date for payment of the garnishee amount; and
(b)
the discharge affects the amount to be recovered from the garnishee.
(2)
The commissioner must give written notice to the garnishee and the taxpayer—
(a)
informing them of the extent of the discharge of the debt; and
(b)
stating the amount payable under the garnishee notice is reduced accordingly; and
(c)
if the taxpayer’s debt is fully discharged—withdrawing the garnishee notice.
This Act’s bill:Explanatory memorandum
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