Remission
(1) If:
(a) a person becomes the holder of a charge offset certificate for a financial year; and
(b) a base instalment of charge is payable by the person in relation to the financial year; and
(c) the base instalment of charge has not been paid;
the Secretary must, on behalf of the Commonwealth, remit so much of the base instalment of charge as equals the amount specified in the certificate.
Note: For base instalment of charge, see section 102D.
(2) The Secretary must inform the ACMA of a remission of charge under subsection (1).
(3) If:
(a) the ACMA has made an assessment under section 102 setting out the charge payable by a person for a financial year; and
(b) the base instalment of charge is remitted, to any extent, under subsection (1) of this section; and
(c) the ACMA is informed of the remission;
the ACMA must, under subsection 102B(1), vary the assessment to reflect the remission.
Refund
(4) If:
(a) a person becomes the holder of a charge offset certificate for a financial year; and
(b) a base instalment of charge was payable by the person in relation to the financial year; and
(c) the base instalment of charge has been paid;
the Secretary must, on behalf of the Commonwealth, refund so much of the base instalment of charge as equals the amount specified in the certificate.
Note: For base instalment of charge, see section 102D.