Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 313 - First home super saver scheme  

Subdivision 313-E - First home super saver tax  

Operative provisions

SECTION 313-75  

313-75   General interest charge  

If an amount of *assessed first home super saver tax that you are liable to pay remains unpaid after the time by which it is due to be paid, you are liable to pay the *general interest charge on the unpaid amount for each day in the period that:

(a) begins on the day on which the amount was due to be paid; and

(b) ends on the last day on which, at the end of the day, any of the following remains unpaid:

(i) the assessed first home super saver tax;

(ii) general interest charge on any of the assessed first home super saver tax.

Note:

The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 .