TTOG5215 - Settling the enquiry: general: settling in different ways
»Ê¹ÚÌåÓýapp form of settlement where agreement is possible varies considerably.
Cases working under Code 9 will usually conclude (if they are not ‘nil� settlements or cases determined by formal procedures) by the taxpayer making an offer to pay agreed additional liabilities together with interest and a negotiated penalty, in consideration of civil proceedings not being taken.
Some Code 8 cases will also conclude on this basis. Others will conclude by an agreement that an amount will be paid in consideration of the discharge of defined assessments, or for assessments not being raised on a source in a particular year.
»Ê¹ÚÌåÓýappre are other cases, of all types, where individual offers and agreements have to be drawn up to fit the demands of the case. SIOG9300 deals with offers in settlement.