New South Wales Consolidated Acts

TAXATION ADMINISTRATION ACT 1996 - SECT 47

47 Arrangements for payment of tax

(1) The Chief Commissioner may extend the time for payment of tax by a taxpayer and may accept the payment of tax by instalments.

(2) A decision of the Chief Commissioner under this section may be made subject to such conditions (for example, as to the payment of interest) as the Chief Commissioner may determine.

(3) The Chief Commissioner may, in such circumstances as the Chief Commissioner considers appropriate, remit the payment of interest required to be paid by a condition imposed under subsection (2) by any amount.