TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) REGULATIONS 1992 (REPEALED)

Reg 4 repealed by SLI No 216 of 2006, reg 7 and Sch 5 item 2, effective 14 September 2006. Reg 4 formerly read:

REGULATION 4 RATE OF INTEREST ON OVERPAYMENTS  
4(1)
For the purposes of paragraph 10(1)(b) of the Act, the prescribed rate of interest in relation to an overpayment of an amount of relevant tax is a yearly rate equal to the yearly rate of the Treasury Note yield, for the month in which the Commissioner becomes liable to pay the interest, less 4 percentage points.

4(2)
In subregulation (1), ``Treasury Note yield'' has the same meaning as in section 214A of the Income Tax Assessement Act 1936 .

Reg 4 substituted by SR No 220 of 1994.