Student Assistance Act 1973
Part 4A
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Financial Supplement for Tertiary Students
Division 6
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Indebtedness existing after termination date
Subdivision D
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Returns and assessments
SECTION 12ZNA
CHARGES AND ADMINISTRATIVE PENALTIES FOR FAILING TO MEET OBLIGATIONS
12ZNA(1)
Part 4-25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:
(a) any compulsory repayment amount of a person were income tax payable by the person in respect of the income year in respect of which the assessment of that debt was made; and
(b) this Part were an income tax law.
12ZNA(2)
Subsection (1) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.
Part 4-25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:
(a) any compulsory repayment amount of a person were income tax payable by the person in respect of the income year in respect of which the assessment of that debt was made; and
(b) this Part were an income tax law.
12ZNA(2)
Subsection (1) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.
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