A New Tax System (Tax Administration) Act 1999 (179 of 1999)
Schedule 2 Collection and recovery rules
Part 2 Consequential amendment of Acts
Taxation Administration Act 1953
93 Subsection 8AAZH(1)
Repeal the subsection, substitute:
(1) If there is a deficit on an RBA at the end of a day, the tax debtor is liable to pay the amount to the Commonwealth. The amount is due and payable at the end of that day.
Note: The heading to section 8AAZH is replaced by the heading " Liability for RBA deficit ".
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