Australian Capital Territory Consolidated Acts

TAXATION ADMINISTRATION ACT 1999 - SECT 37

The commissioner may remit all or part of an amount of penalty tax payable by a person if satisfied that—

        (a)     either—

              (i)     the person has taken reasonable steps to mitigate, or to mitigate the effects of, the circumstances that resulted in the liability for penalty tax; or

              (ii)     the circumstances that resulted in the liability for penalty tax were exceptional; and

        (b)     it would be fair and reasonable to remit all or part of the penalty tax.

Note     The commissioner's decision to refuse to remit penalty tax payable by a person is an internally reviewable decision (see s 107, def internally reviewable decision ), and the commissioner must give an internal review notice to the person (see s 107B).