A New Tax System (Pay As You Go) Act 1999 (178 of 1999)

Schedule 2   Running balance accounts, general interest charge and related matters

Part 1   Running balance accounts

Division 1   Amendment of Part IIB of the Taxation Administration Act 1953

15   Subsection 8AAZF(2)

Repeal the subsection, substitute:

(2) The balance of the RBA is altered in the Commissioner's favour by the amount of the general interest charge payable.