Document ID: chunk:federal_register_of_legislation:C2010C00583:clause:9_1
Version: federal_register_of_legislation:C2010C00583
Segment Type: clause
Provision Reference: sch 9 cl 1
Character Range: 41479–43150

1  After Division 298 in Schedule 1 (before the link note)
Insert:

[The next Division is Division 340.]

Part 4‑50—Release from particular liabilities

Division 340—Commissioner's power to provide release from particular liabilities

Guide to Division 340

340‑1  What this Division is about

      The Commissioner may release you from a particular liability that you have incurred if you are an individual, or a trustee of the estate of a deceased person, and satisfying the liability would cause serious hardship.

Table of sections

Operative provisions

340‑5 Release from particular liabilities in cases of serious hardship
340‑10 Liabilities to which this section applies
340‑15 Commissioner may take action to give effect to a release decision
340‑20 Extinguishing your liability to pay a fringe benefits tax instalment if you are released
340‑25 Extinguishing your liability to pay a PAYG instalment if you are released

[This is the end of the Guide.]

Operative provisions

340‑5  Release from particular liabilities in cases of serious hardship

Applying for release

 (1) You may apply to the Commissioner to release you, in whole or in part, from a liability of yours if section 340‑10 applies to the liability.

 (2) The application must be in the approved form.

Release by the Commissioner

 (3) The Commissioner may release you, in whole or in part, from the liability if you are a person specified in the column headed "Person" of the following table and the condition specified in the column headed "Condition" of the table is satisfied:

Person and condition
Item                  Person                                         Condition