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“Extra-statutory” concession power for the Commissioner of Taxation

Published on 15 Jul 09 by THE TAX INSTITUTE

The Taxation Institute does not support the Commissioner having an extra-statutory concession power.  Some of the Taxation Institute's members believe that such a power would be beneficial as it could remedy anomalies and unintended outcomes in the law without the delays associated with legislative amendments and the uncertainty of relief announced in Government press releases.  However, on balance, the Taxation Institute considers that the risks associated with giving such a power to the Commissioner outweigh the possible benefits.

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