Document ID: chunk:federal_register_of_legislation:F2023L00956:reg:4
Version: federal_register_of_legislation:F2023L00956
Segment Type: reg
Provision Reference: reg 4
Character Range: 1825–2916

4  Definitions
  In this instrument:
Act means the Taxation Administration Act 1953.
relevant class means a class of entities:
            (a) that the Commissioner is satisfied has been affected by a natural disaster or other serious and external adverse event;
            (b) with a liability to a charge or penalty that the Commissioner considers is a minor amount, having regard to any relevant matters such as the cost of collecting the liability, costs of compliance for taxpayers, and the need to maintain adequate incentives for the prompt payment of liabilities; or
            (c) with a liability to a charge or penalty that the Commissioner considers it is appropriate to remit to encourage ongoing compliance with taxation laws, having regard to previous compliance history.
relevant provisions of the Act means:
            (a) subsection 8AAG(1);
            (b) subsection 8AAG(5);
            (c) subsection 280-160(1) in Schedule 1; and
            (d) subsection 298-20(1) in Schedule 1, to the extent it applies to penalties arising under section 286-75 in Schedule 1.