50Commissioner may defer making assessments

50 Commissioner may defer making assessments

(1) A person may apply in the approved form to the Commissioner for deferral of the making of an assessment in respect of the person under section 48. (2) The application must specify: (a) the income year for which the deferral is being sought; and (b) the reasons for seeking the deferral. (3) The income year specified in the application must be: (a) the income year in which the person makes the application; or (b) the immediately preceding income year; or (c) the immediately succeeding income year. (4) The Commissioner may, on application by a person under this section, defer making an assessment in respect of the person under section 48 if the Commissioner is of the opinion that: (a) if the assessment were made, payment of the assessed amount would cause serious hardship to the person; or (b) there are other special reasons that make it fair and reasonable to defer making the assessment. (5) The Commissioner may defer making the assessment for any period that he or she thinks appropriate. (6) The Commissioner must, as soon as practicable after an application is made under this section: (a) consider the matter to which the application relates; and (b) notify the applicant of the Commissioner’s decision on the application.

Note: Deferrals of making assessments, or refusals of applications, are reviewable under Part 4.2.