49Approval of special arrangements

49 Approval of special arrangements (1) Despite the provisions of another taxation law, the Commissioner may, by notice, approve a special arrangement for the lodging of returns and the payment of tax or other amounts under the taxation law in relation to: (a) a specified taxpayer or specified class of taxpayers; or (b) a specified agent, or specified class of agents, acting or proposing to act on behalf of a specified taxpayer or specified class of taxpayers. (2) Without limiting subsection (1), the approval may do any of the following: (a) exempt the taxpayer or taxpayers from specified provisions of the taxation law to which it applies; (b) authorise or require the lodging of returns and the payment of tax or other amounts by electronic means; (c) provide that a tax liability is taken to be wholly or partly satisfied in specified circumstances. (3) An approval may be given on the initiative of the Commissioner or on application. (4) The Commissioner may vary, suspend or cancel an approval at any time by notice to the affected taxpayer or agent. (5) The calculation of tax by a person other than the Commissioner in accordance with a special arrangement approved under this section is not an assessment.