Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 222AFA

             (1)  The purpose of this Division is to enable the Commissioner to take prompt and effective action to recover amounts not remitted as required by Divisions 1AAA, 3B and 4 of this Act, or Part 2‑5 in Schedule 1 to the Taxation Administration Act 1953 .

             (2)  It does so by empowering the Commissioner to make an estimate of the amounts, and to recover the amount of the estimate.

             (3)  Although an estimate creates a liability distinct from the underlying liability to remit amounts, the person liable can ensure that the Commissioner does not keep more than those amounts.

             (4)  This Division also empowers the Commissioner to agree to a person paying off over a period liabilities under:

                     (a)  Division 1AAA, 3B or 4; or

                     (b)  this Division; or

                     (c)  Part 2‑5 in Schedule 1 to the Taxation Administration Act 1953 .

             (5)  Part 4‑15 in Schedule 1 to the Taxation Administration Act 1953 provides for the recovery of amounts payable under this Division.