Fairer Private Health Insurance Incentives Act 2012 (26 of 2012)

Schedule 1   Amendments

Taxation (Interest on Overpayments and Early Payments) Act 1983

47   At the end of section 9

Add:

Liabilities under section 282-18 of the Private Health Insurance Act 2007

(8) For the purposes of this section, if:

(a) the Commissioner gives a notice to a person under subsection 282-18(4) of the Private Health Insurance Act 2007; and

(b) the notice states that the person is liable to pay an amount to the Commonwealth under section 282-18 of that Act; and

(c) the person pays the stated amount to the Commissioner; and

(d) the stated amount exceeds the amount the person is liable to pay under that section; and

(e) the excess is refunded to the person or applied against any liability of the person to the Commonwealth;

treat the excess as being overpaid by the person, and so refunded or applied, as a result of the decision of the Commissioner to give the notice.

Note 1: The decision of the Commissioner to give the notice is a decision to which this Act applies. See section 3.

Note 2: Liabilities under section 282-18 of the Private Health Insurance Act 2007 are relevant tax. See section 3C.