(1) The Commissioner of Taxation may, on application in the approved form by a person who has an accumulated FS debt, amend an assessment made under section 1061ZZFH so that no amount is payable under the assessment.
(2) The Commissioner may amend the assessment if he or she considers that:
(a) payment of the assessed amount has caused or would cause serious hardship to the person; or
(b) there are other special reasons that make it fair and reasonable to make the amendment.
(3) In this section:
"approved form" has the meaning given by section 388-50 in Schedule 1 to the Taxation Administration Act 1953 .