Income Tax Assessment Act 1997

Div 345 repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015.

Div 345 inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.

Subdiv 345-C repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015.

Subdiv 345-C inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.

S 345-115 repealed by No 70 of 2015, s 3 and Sch 1 item 103, effective 1 July 2015. S 345-115 formerly read:

SECTION 345-115 General interest charge  
345-115
If *FHSA misuse tax payable by a person remains unpaid after the time by which it is due and payable, the person is liable to pay the *general interest charge on the unpaid amount for each day in the period that:

(a) starts at the beginning of the day on which the FHSA misuse tax was due to be paid; and

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

(i) the FHSA misuse tax;

(ii) general interest charge on any of the FHSA misuse tax.

Note:

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

S 345-115 inserted by No 45 of 2008, s 3 and Sch 1 item 31, effective 26 June 2008.