105Extension of time for payment of unearned credit liability

105 Extension of time for payment of unearned credit liability

(1) The Secretary may, in a particular case, extend the time for payment of unearned credit liability outstanding under section 101. (2) The following provisions apply in relation to extensions of time under subsection (1): (a) the person liable to pay the liability may apply for an extension; (b) an application is to be in writing, setting out the reasons for the application, and it is to be made to the Secretary; (c) the Secretary’s decision on the application is to be in writing.