Taxation Administration Act 2001
sec.47CRelease of charge over land
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sec.47C Release of charge over land
This section applies if, in relation to a registered charge— the outstanding amount of tax is paid; or under a reassessment, no tax is payable. The commissioner must, as soon as practicable after payment of the outstanding amount of tax or the reassessment, lodge with the registrar a request in the approved form to register the release of the charge. The registrar must register the release of the charge on lodgement of the request. This section does not prevent the commissioner requesting registration of the release of the charge in other circumstances. The fee for registration of the release of the charge is payable by the owner of the land. In this section— registered charge means a charge registered— before the commencement of this section—under a revenue law; or on or after the commencement of this section—under section 47B . s 47C ins 2010 No. 11 s 111 (sec.47C-ssec.1) This section applies if, in relation to a registered charge— the outstanding amount of tax is paid; or under a reassessment, no tax is payable. (sec.47C-ssec.2) The commissioner must, as soon as practicable after payment of the outstanding amount of tax or the reassessment, lodge with the registrar a request in the approved form to register the release of the charge. (sec.47C-ssec.3) The registrar must register the release of the charge on lodgement of the request. (sec.47C-ssec.4) This section does not prevent the commissioner requesting registration of the release of the charge in other circumstances. (sec.47C-ssec.5) The fee for registration of the release of the charge is payable by the owner of the land. (sec.47C-ssec.6) In this section— registered charge means a charge registered— before the commencement of this section—under a revenue law; or on or after the commencement of this section—under section 47B .
- (a) the outstanding amount of tax is paid; or
- (b) under a reassessment, no tax is payable.
- (a) before the commencement of this section—under a revenue law; or
- (b) on or after the commencement of this section—under section 47B .