INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

S 214A(1) substituted by No 73 of 2001, s 3 and Sch 4 item 5, applicable to each day of each quarter mentioned in s 8AAD(2) of the Taxation Administration Act 1953 where the quarter begins on or after 30 June 2001. S 214A(1) formerly read:

214A(1)
In this section:

Treasury Note yield rate
has the meaning given by section 8AAD of the Taxation Administration Act 1953 .

S 214A(1) substituted by No 11 of 1999.

S 214A(2) amended by No 41 of 2005, s 3 and Sch 10 item 31, by substituting ``, 12AE or 12C'' for ``or 12C'', effective 1 April 2005.

S 214A(2) amended by No 146 of 2001, s 3 and Sch 4 item 66, by omitting ``8P,'' after ``8I,'' in para (e), applicable to acts and omissions that take place after 15 December 2001. If an act or omission is alleged to have taken place between 2 dates, one before and one on or after 15 December 2001, the act or omission is alleged to have taken place before 15 December 2001.

S 214A(2) amended by No 73 of 2001, s 3 and Sch 4 item 6, by substituting ``base interest rate'' for ``Treasury Note yield rate'', applicable to each day of each quarter mentioned in s 8AAD(2) of the Taxation Administration Act 1953 where the quarter begins on or after 30 June 2001.

S 214A(2) amended by No 178 of 1999, s 3 and Sch 2 items 44 and 45, by inserting ``8P, 8T, 8X, 8ZB,'' after ``section 8C, 8I,'' in para (e) and omitting paras (f), (fa) and (g), effective 22 December 1999. Note: this amendment is also effected by No 11 of 1999, s 3 and Sch 1 items 84 and 85 as amended by No 101 of 2003, s 3 and Sch 6 items 36 and 37, effective 1 July 1999). Paras (f), (fa) and (g) formerly read:

(f) section 21 or 22 of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 ; or

(fa) section 18 of the Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 ; or

(g) section 13 of the Termination Payments Tax (Assessment and Collection) Act 1997 ;

S 214A(2) amended by No 11 of 1999, s 3 and Sch 1 items 82 to 86 (items 84 and 85 as amended by No 101 of 2003, s 3 and Sch 6 items 36 and 37, effective 1 July 1999 - but see history note for No 178 of 1999), by omitting ``170AA, 207A,'' after ``102AAM,'', substituting ``day is the Treasury Note yield rate for that day.'' for ``period of, or within, a month is the rate of interest for that month.'' and omitting paras (b) and (c), applicable in relation to calculating interest for 1 July 1999 or a later day. Paras (b) and (c) formerly read:

(b) section 93 of the Fringe Benefits Tax Assessment Act 1986 ; or

(c) section 65 of the Petroleum Resource Rent Tax Assessment Act 1987 ; or

S 214A(2) amended by No 191 and No 71 of 1997, and substituted by No 181 of 1994.

S 214A(3) - 214A(8) repealed by No 11 of 1999.