28Agreements relating to the payment of tax

28 Agreements relating to the payment of tax

(1) The Commissioner may enter into an agreement with a transmission easement holder in relation to the payment of land tax imposed on the transmission easement.

(2) An agreement under subsection (1)—

(a) may, despite anything to the contrary in this Act, permit the payment of the tax to be by instalments within such time as is set out in the agreement; and

(b) must not be for a period exceeding 5 years.

(3) Nothing in this section limits the operation of section 49 of the Taxation Administration Act 1997.

Pt 2 Div. 5 (Heading and ss 29–34) amended by Nos 22/2007 s. 6, 31/2008 s. 17, 26/2015 s. 28, repealed by No. 47/2020 s. 40.

Pt 2 Div. 6 (Heading and ss 34A–34G) inserted by No. 28/2017 s. 53.