Document ID: chunk:federal_register_of_legislation:C2025C00180:schedule:1:p31
Version: federal_register_of_legislation:C2025C00180
Segment Type: schedule
Provision Reference: sch 1 (pt 31/31)
Character Range: 1496464–1497687

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

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.
 (3) The Commissioner may release you, in whole or in part, from the liability if you are an entity specified in the column headed "Entity" of the following table and the condition specified in the column headed "Condition" of the table is satisfied.

Entity and condition
Item                  Entity                                            Condition