Income Tax Assessment Act 1997
View history note
Hide history noteThis section operates if:
(a) the group liability is * general interest charge for a day in relation to another liability (the primary liability ); and
(b) the Commissioner gives a particular TSA contributing member written notice under subsection 721-30(5) of its liability under subsection 721-30(2) in relation to the general interest charge for that day; and
(c) general interest charge arises for a subsequent day in relation to the primary liability; and
(d) the TSA contributing member is liable under subsection 721-30(2) for an amount in relation to the general interest charge for the subsequent day.
721-32(2)
The Commissioner is taken to have given the TSA contributing member written notice under subsection 721-30(5) of the amount in relation to the * general interest charge for the subsequent day. The notice is taken to have been given on that day.
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