Student Assistance Act 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 6 - Indebtedness existing after termination date  

Subdivision D - Returns and assessments  

SECTION 12ZNA   CHARGES AND ADMINISTRATIVE PENALTIES FOR FAILING TO MEET OBLIGATIONS  

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12ZNA(1)    
Part 4-25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:

(a) any compulsory repayment amount of a person were income tax payable by the person in respect of the income year in respect of which the assessment of that debt was made; and

(b) this Part were an income tax law.

12ZNA(2)    
Subsection (1) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.

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History

S 12ZNA inserted by No 47 of 2006, s 3 and Sch 2 item 25, effective 22 May 2006. For saving provision, see note under definition of " compulsory repayment amount " in s 3(1).

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