##### 48 Remission of penalty (1) The Commissioner may remit some or all of the penalty that an entity is liable to under this Part if the Commissioner is satisfied that it is fair and reasonable to do so. > Note: A refusal to remit an amount of penalty under this section may be a reviewable GST decision (see Division 7). (2) The Commissioner must decide whether to do this before notifying the entity of the amount of the penalty, and state the decision in the notice. (3) The Commissioner may also remit penalty under subsection (1) at any time after giving the notice.

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Section 48 - A New Tax System (Goods and Services Tax Administration) Act 1999 - Remission of penalty — Zoe