Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p1
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 1/3)
Character Range: 1501097–1504267

6                             *tax                                                               (a) section 128B of the Income Tax Assessment Act 1936; or
                                                                                                 (b) section 128V of the Income Tax Assessment Act 1936; or
                                                                                                 (c) section 4‑1 of the Income Tax Assessment Act 1997; or
                                                                                                 (d) section 840‑805 of the Income Tax Assessment Act 1997; or
                                                                                                 (da) section 840‑905 of the Income Tax Assessment Act 1997; or
                                                                                                 (e) section 840‑805 of the Income Tax (Transitional Provisions) Act 1997

340‑15  Commissioner may take action to give effect to a release decision
 (1) If the Commissioner decides to release you from a liability to which section 340‑10 applies, the Commissioner may take such action as is necessary to give effect to the decision.
 (2) Without limiting subsection (1), the Commissioner may amend an assessment within the meaning of the following provisions:
 (a) subsection 6(1) of the Income Tax Assessment Act 1936;
 (b) subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986;
by making such alterations or additions to the assessment as the Commissioner thinks necessary.
 (3) Subsection (2) does not limit the power of the Commissioner to amend the assessment in accordance with any other provision of the Income Tax Assessment Act 1936 or the Fringe Benefits Tax Assessment Act 1986.

340‑20  Extinguishing your liability to pay a fringe benefits tax instalment if you are released
 (1) This section applies if the Commissioner releases you from a liability to pay an instalment of fringe benefits tax.
 (2) If your liability to pay the instalment is released in whole, you are taken, for the purposes of Division 2 of Part VII of the Fringe Benefits Tax Assessment Act 1986, not to be liable to pay the instalment.
Note: This means that for the purposes of section 105 of that Act 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 2 of Part VII of the Fringe Benefits Tax Assessment Act 1986, 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 105 of that Act you are entitled to a credit for the instalment to the extent to which your liability to pay the instalment has not been released.

340‑25  Extinguishing your liability to pay a PAYG instalment if you are released
 (1) This section applies if the Commissioner releases you from a liability 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