A New Tax System (Family Assistance) (Administration) Act 1999

PART 4 - OVERPAYMENTS AND DEBT RECOVERY  

Division 2 - Amounts recoverable under this Act  

SECTION 78B   Other rules for interest charge  

When interest charge is due and payable

78B(1)    
The interest charge under section 78 or 78A for a day is due and payable to the Commonwealth at the end of that day.

Interest charge is a debt

78B(2)    
The interest charge under section 78 or 78A for a day is a debt due to the Commonwealth by the person.

Provisions that do not apply to interest charge debt

78B(3)    
Subsection 77(1) does not apply in relation to the debt referred to in subsection (2) of this section.