52Arrangements for payment of tax

52 Arrangements for payment of tax (1) The commissioner may extend the time for payment of tax by a taxpayer and may accept the payment of tax by instalments. (2) A decision of the commissioner under this section may be made subject to the conditions (for example, about the payment of interest) that the commissioner may determine. (3) If the commissioner has accepted the payment of tax by instalments, each instalment is due and payable at the time determined by the commissioner in relation to the instalment. (4) If an instalment of tax is not paid on or before the time that payment is due, the whole of the outstanding amount of the tax, duty or penalty tax becomes due and payable at that time. Note The following decisions of the commissioner in relation to a person are each commissioner-reviewable decisions (see s 107, def commissioner-reviewable decision), and the commissioner must give an internal review notice to the person (see s 107B): • refuse to extend time for payment; • refuse to accept payment by instalments; • impose a condition on an extension or acceptance.