45
In forceArrangements for payment of tax
Part 7Collection of tax
45 Arrangements for payment of tax
(1)
The Commissioner may extend the time for payment of tax by a taxpayer and may accept the payment of tax by instalments.
(2)
When the Commissioner extends the time for payment of tax by a taxpayer, the Commissioner may also extend the time for lodging a return relating to the matters in respect of which the tax is payable.
(3)
A decision of the Commissioner under this section may be made subject to conditions (for example, as to the payment of interest) determined by the Commissioner.
This Act’s bill:Second reading speech
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