Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_143:p14
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 143 (pt 14/24)
Character Range: 1183529–1186231

reduce an amount to be recovered from a debtor under the claim.
 (2A) To avoid doubt, the Commissioner may reduce an amount to be recovered from a debtor under paragraph (2)(b) without amending the Register.
 (3) A debtor may, after receiving a copy of the particulars of a *foreign revenue claim entered in the Register, apply to the Commissioner in the *approved form to have those particulars removed from the Register.
 (4) The Commissioner may, after considering the application, remove those particulars from the Register.
 (5) If the Commissioner removes particulars of a *foreign revenue claim relating to the recovery of an amount from the Register under paragraph (2)(a) or subsection (4), the debtor is entitled to a credit for the purposes of Part IIB equal to the sum of:
 (a) the amount (as reduced by any previous application of subsection (6)); and
 (b) any *general interest charge for which the debtor is liable as a result of the foreign revenue claim.
Note: How the credit is applied is set out in Part IIB.
 (6) If the Commissioner reduces the amount to be recovered from a debtor under a *foreign revenue claim under paragraph (2)(b), the debtor is entitled to a credit for the purposes of Part IIB equal to the amount of the reduction.
Note: How the credit is applied is set out in Part IIB.

263‑40  Payment to competent authority
 (1) The Commissioner must, if the Commissioner recovers all or part of an amount to be recovered from a debtor under a registered *foreign revenue claim, pay that amount to the competent authority concerned or to another entity on behalf of that competent authority.
 (2) The Commissioner may also pay to the competent authority all or part of an amount that the Commissioner has received and that is attributable to *general interest charge in relation to the claim.
 (3) The Commissioner may also pay to the competent authority all or part of an amount that the Commissioner has received and that is attributable to any of the following in relation to the claim:
 (a) judgment interest;
 (b) costs that:
 (i) have been recovered in the course of legal proceedings; and
 (ii) represent an amount that has previously been paid by the competent authority to the Commonwealth in relation to the recovery of the claim.

Subdivision 263‑B—Service of documents in Australia on behalf of foreign revenue authorities

Guide to Subdivision 263‑B

263‑55  What this Subdivision is about

      This Subdivision can be activated if there is in force an agreement between Australia and a foreign country or foreign territory that deals with service of documents on tax matters.
      If a foreign government agency asks the Commissioner to serve a document