Taxation (Interest on Overpayments and Early Payments) Act 1983
View history note
Hide history noteSubject to subsection (2), interest under section 8A is payable to a person for the period:
(a) if the person is not a full self-assessment taxpayer - from the beginning of the later of the following days:
(i) the day on which the payment is made;
(ii) the day on which the notice notifying the tax, debt, interest or instalment concerned is issued; and
(b) if the person is a full self-assessment taxpayer - from the beginning of the day on which the payment is made;
until the end of the appropriate due day.
If the payment is to any extent refunded before the appropriate due day, interest is not payable on the payment to that extent in respect of any period after the day on which the refund takes place.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
