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Taxation Administration Act 2007
38Reduction or remission of interest
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38 Reduction or remission of interest (1) The Commissioner may, if satisfied that it is appropriate to do so, remit interest wholly or in part. (2) However, the Commissioner may only remit interest to an extent that would reduce the effective rate below the market interest rate if satisfied that exceptional circumstances justify the remission.
Taxation Administration Act 2007 20