Document ID: chunk:federal_register_of_legislation:C2012C00706:clause:1_8
Version: federal_register_of_legislation:C2012C00706
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 11676–13179

8  Section 269‑30 in Schedule 1
Repeal the section, substitute:

269‑30  Effect on penalty of directors' obligation ending before end of notice period
 (1) Subject to subsection (2), a penalty of yours under this Division is remitted if the directors of the company stop being under the relevant obligation under section 269‑15:
 (a) before the Commissioner gives you notice of the penalty under section 269‑25; or
 (b) within 21 days after the Commissioner gives you notice of the penalty under that section.
 (2) The following table has effect:

When appointing administrator or winding up company does not affect penalty
Item                                                                         Column 1                                                                                                                       Column 2                                                                                                                                                                                                               Column 3
                                                                             If the company's obligation is to pay to the Commissioner, on or before the due day …                                          and, because of paragraph 269‑15(2)(b) or (c) (an administrator is appointed or the company begins to be wound up), the directors stop being under the relevant obligation after the last day of the 3 months after …  subsection (1) does not apply …