TAXATION (INTEREST ON UNDERPAYMENTS) ACT 1986 (REPEALED)
SECTION 3
IMPOSITION OF INTEREST CHARGE
3(1)
[Imposition]
Interest that is payable in accordance with section 170AA of the Income Tax Assessment Act 1936 is imposed by this Act.
3(2) [Exception]Subsection (1) does not apply to interest that is not a tax.
View history note
Hide history note[ CCH Note: The Taxation (Interest on Underpayments) Act 1986 was repealed by No 11 of 1999, s 3 and Sch 1 item 372, effective 1 July 1999.]
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