A New Tax System (Pay As You Go) Act 1999 (178 of 1999)
Schedule 2 Running balance accounts, general interest charge and related matters
Part 1 Running balance accounts
Division 1 Amendment of Part IIB of the Taxation Administration Act 1953
15 Subsection 8AAZF(2)
Repeal the subsection, substitute:
(2) The balance of the RBA is altered in the Commissioner's favour by the amount of the general interest charge payable.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
