Taxation Administration Act 1953

Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).

Ch 4 heading inserted by No 73 of 2006 , s 3 and Sch 5 item 42, effective 1 July 2006.

Pt 4-15 inserted by No 179 of 1999.

Div 268 heading substituted by No 6 of 2020, s 3 and Sch 3 item 2, applicable in relation to: (a) net amounts and assessed net amounts for tax periods that start on or after 1 April 2020; and (b) GST instalments for GST instalment quarters that start on or after 1 April 2020. The heading formerly read:

Division 268 - Estimates and recovery of PAYG withholding liabilities and superannuation guarantee charge

Div 268 inserted by No 79 of 2010 , s 3 and Sch 1 item 10, effective 1 July 2010.

Subdiv 268-E inserted by No 79 of 2010 , s 3 and Sch 1 item 10, effective 1 July 2010.

S 268-75(1) substituted by No 99 of 2012, s 3 and Sch 1 item 43, applicable to a company ' s liability to pay superannuation guarantee charge for a quarter if the day by which the company must lodge a superannuation guarantee statement for the quarter occurs on or after 30 June 2012. S 268-75(1) formerly read:

268-75(1)
This section applies if your liability to pay the amount of the estimate remains undischarged at the end of 7 days after the Commissioner gives you notice of the estimate.

S 268-75 inserted by No 79 of 2010 , s 3 and Sch 1 item 10, effective 1 July 2010. Act No 79 of 2010 , s 3 and Sch 1 item 61, contained the following provision, commencing 1 July 2010:

61 General interest charge  
New charge

(1)
Section 268 75 in Schedule 1 to the Taxation Administration Act 1953 , as added by this Schedule, applies in relation to an estimate of which the Commissioner sends notice:

(a) on or after the commencement time; or

(b) no more than 7 days before the commencement time.

Existing charge

(2)
Subitems (3) and (4) apply if, just before the commencement time, you were liable, under Subdivision E of Division 8 of Part VI of the Income Tax Assessment Act 1936 (the old Subdivision ), to pay the general interest charge on an unpaid amount of an estimate.

(3)
At the commencement time, the old Subdivision stops applying to the liability.

(4)
From the commencement time, Subdivision 268-E in Schedule 1 to the Taxation Administration Act 1953 (the new Subdivision) applies to the liability as if:

(a) the liability remained unpaid at the commencement time; and

(b) the liability remained unpaid at the commencement time; and

(i) had been imposed under the new Subdivision; and

(ii) remained unpaid at that time.