Fringe Benefits Tax Assessment Act 1986
PART VII
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COLLECTION AND RECOVERY OF TAX
Division 1
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General
SECTION 93
UNPAID TAX
93(1)
If any of the tax (including additional tax) which a person is liable to pay remains unpaid after the time by which the tax is due to be paid, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
(a) started at the beginning of the day by which the tax was due to be paid; and
(b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
93(2)
The amount of the general interest charge is taken to be additional tax payable under this section.
If any of the tax (including additional tax) which a person is liable to pay remains unpaid after the time by which the tax is due to be paid, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
(a) started at the beginning of the day by which the tax was due to be paid; and
(b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
(i) the tax;
(ii) general interest charge on any of the tax.
View history note
Hide history note93(2)
The amount of the general interest charge is taken to be additional tax payable under this section.
Note:
The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 .
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