Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 222AOE

                   The Commissioner is not entitled to recover from a person a penalty payable under this Subdivision until the end of 14 days after the Commissioner gives to the person a notice that:

                     (a)  sets out details of the unpaid amount of the liability referred to in subsection 222AOC(1), (1A) or (2) (whichever relates to the penalty); and

                     (b)  states that the person is liable to pay to the Commissioner, by way of penalty, an amount equal to that unpaid amount, but that the penalty will be remitted if, at the end of 14 days after the notice is given:

                              (i)  the liability has been discharged; or

                             (ii)  an agreement relating to the liability is in force under section 222ALA; or

                            (iii)  the company is under administration within the meaning of the Corporations Act 2001 ; or

                            (iv)  the company is being wound up.