Section 283 — Bankruptcy Act 1966: Remission of interest charge, realisations charge and late payment penalty

(1) The Inspector-General may remit an amount of interest charge, realisations charge or late payment penalty that is payable but has not been paid if the Inspector-General thinks that: (a) failure to remit the amount would cause a person undue hardship; and (b) it is appropriate to remit the amount. (2) The following provisions apply in relation to remissions under subsection (1): (a) the person liable to pay the charge or penalty may apply for a remission; (b) an application is to be in writing, setting out the reasons for the application, and is to be made to the Inspector-General; (c) the Inspector-General’s decision on an application is to be in writing; (d) application may be made to the Administrative Review Tribunal for review of a decision to refuse an application, or to remit a lesser amount than was applied for. Note: Section 266 of the Administrative Review Tribunal Act 2024 requires notification of a decision that is reviewable.