Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 2/3)
Character Range: 1504056–1506819

to pay a *PAYG instalment.
 (2) If your liability to pay the instalment is released in whole, you are taken, for the purposes of Division 45 of Part 2‑10, not to be liable to pay the instalment.
Note: This means that for the purposes of section 45‑30 you are not entitled to a credit for the instalment.
 (3) If your liability to pay the instalment is released in part, you are taken, for the purposes of Division 45 of Part 2‑10, to be liable to pay the instalment to the extent to which your liability has not been released.
Note: This means that for the purposes of section 45‑30 you are entitled to a credit for the instalment to the extent to which your liability to pay the instalment has not been released.
Division 342—Commissioner's power relating to proceeds of crime proceedings

Table of Subdivisions
 Guide to Division 342
342‑A Power to waive right to payment of tax‑related liabilities

Guide to Division 342

342‑1  What this Division is about
      To facilitate the starting, conduct and ending of proceedings under the Proceeds of Crime Act 2002, the Commissioner may waive the right to payment of certain tax‑related liabilities.

Subdivision 342‑A—Power to waive right to payment of tax‑related liabilities

Table of sections
342‑5 Object of this Subdivision
342‑10 Power to waive right to payment of tax‑related liability

342‑5  Object of this Subdivision
  The object of this Subdivision is to facilitate the starting, conduct and ending of proceedings under the Proceeds of Crime Act 2002 by allowing the Commissioner to waive the right to payment of certain liabilities to the Commonwealth arising under *taxation laws.
Note: The Commissioner may also exercise other powers so as to facilitate the starting, conduct and ending of proceedings under the Proceeds of Crime Act 2002. Examples of those other powers include:
(a) the power under section 255‑10 to defer the time a tax‑related liability is due and payable; and
(b) the power under section 8AAG to remit general interest charge.

342‑10  Power to waive right to payment of tax‑related liability
 (1) The Commissioner may waive the Commonwealth's right to payment of all or part of a *tax‑related liability if the Commissioner is satisfied that:
 (a) the waiver will facilitate the starting, conduct or ending (by settlement or otherwise) of proceedings under the Proceeds of Crime Act 2002; and
 (b) the liability is connected with circumstances associated with the proceedings.
Note: The Commissioner may waive the right to payment only after the liability has arisen, but may do so whether or not the liability is due and payable.
Example: A liability is connected with circumstances associated with the proceedings if the liability arose because of activities constituting an