Page:Carbon Pricing Act 2018.pdf/23

24 Relief or remission from tax or penalty

18.—(1) The Agency may, if the Agency thinks that it is just and equitable to do so, and upon such conditions as the Agency may impose, give to any registered person any relief or remission from—
 * (a) the tax or any part of the tax to which the registered person has been assessed to be liable; or
 * (b) any financial penalty or part of any financial penalty to which the registered person is liable under section 17(4).

(2) The Minister may, upon such conditions as the Minister may impose, give to any registered person any relief or remission from —
 * (a) the tax or any part of the tax to which the registered person has been assessed to be liable; or
 * (b) any financial penalty or part of any financial penalty to which the registered person is liable under section 17(4).

Refund of tax, etc.

19.—(1) Where—
 * (a) a registered person has surrendered carbon credits for any tax charged in relation to a taxable facility of the registered person; and
 * (b) the tax charged is reduced as a result of—
 * (i) any relief or remission given to a registered person under section 18; or
 * (ii) any revision under section 23 to an assessment of tax,

the registered person may apply to the Agency for a refund of the amount of tax so reduced.

(2) For the purpose of subsection (1), if—
 * (a) the registered person continues to hold a registry account for the taxable facility; and