Queensland Consolidated Acts

TAXATION ADMINISTRATION ACT 2001 - SECT 47C

47C Release of charge over land

(1) This section applies if, in relation to a registered charge—

(a) the outstanding amount of tax is paid; or

(b) under a reassessment, no tax is payable.

(2) The commissioner must, as soon as practicable after payment of the outstanding amount of tax or the reassessment, lodge with the registrar a request in the approved form to register the release of the charge.

(3) The registrar must register the release of the charge on lodgement of the request.

(4) This section does not prevent the commissioner requesting registration of the release of the charge in other circumstances.

(5) The fee for registration of the release of the charge is payable by the owner of the land.

(6) In this section—

"registered charge" means a charge registered—

(a) before the commencement of this section—under a revenue law; or

(b) on or after the commencement of this section—under section 47B .