Extension of time for payment—interest charge and realisations charge
(1) The Inspector‑General may, in a particular case, extend the time for payment of interest charge or realisations charge. (2) The following provisions apply in relation to extensions of time under subsection (1): (a) the person liable to pay the charge may apply for an extension; (b) an application is to be in writing, setting out the reasons for the application, and is to be made to the Inspector‑General before the original time for payment; (c) the Inspector‑General’s decision on an application is to be in writing; (d) application may be made to the Administrative Review Tribunal for review of a decision to refuse an application, or to grant a lesser extension than was applied for. Note: Section 266 of the Administrative Review Tribunal Act 2024 requires notification of a decision that is reviewable.
Sourced from the Federal Register of Legislation at 26 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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