45
CurrentRemission of penalty tax
Part 5Interest and penalty tax
Division 2Penalty tax
45 Remission of penalty tax
The Commissioner, in any circumstances the Commissioner considers appropriate, may remit penalty tax by any amount.
If the Commissioner remits any penalty tax under this section, he or she may, at any time, reimpose all or part of the penalty tax in any circumstances that the Commissioner considers appropriate.
This Act’s bill:Second reading speech
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