98DInstalment transfer interest charge—remission

#### 98D Instalment transfer interest charge—remission Remitting the charge (1) The Commissioner may remit the whole or a part of an amount of instalment transfer interest charge that a liable person is liable to pay if the Commissioner considers it fair and reasonable to do so. Reasons for not remitting (2) The Commissioner must give the liable person a written statement of the reasons for a decision not to remit an amount of instalment transfer interest charge that the liable person is liable to pay, if the liable person requests the Commissioner, in the approved form, to remit the amount. > Note 1: Section 25D of the Acts Interpretation Act 1901 sets out rules about the contents of a statement of reasons. > Note 2: Subdivision 388‑B in Schedule 1 to the Taxation Administration Act 1953 applies to approved forms under this section. Objecting against remission decision (3) The liable person may object, in the manner set out in Part IVC of the Taxation Administration Act 1953, against a decision of the Commissioner not to remit an amount of instalment transfer interest charge that the liable person is liable to pay.