A New Tax System (Tax Administration) Act 1999 (179 of 1999)

Schedule 16   PAYG instalments consequential amendments

Taxation (Interest on Overpayments and Early Payments) Act 1983

32   Paragraph 8H(3)(d)

Repeal the paragraph, substitute:

(d) on so much of the excess as is not attributable to payments mentioned in paragraph (b):

(i) if the person is a relevant entity or an instalment taxpayer - for the period from the beginning of the final instalment day until the end of the day on which the later crediting occurs; or

(ii) if the person is a full self-assessment taxpayer - for the period from the beginning of the due date for payment of assessed tax until the end of the day on which the later crediting occurs.