New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 14 Consolidation: liability rules
Income Tax Assessment Act 1997
5 After subsection 721-30(5)
Insert:
(5A) Despite subsection (5), if the group liability is *general interest charge for a day, the liability of a TSA contributing member under subsection (2) becomes due and payable by the member at the end of the day on which the Commissioner gives the member written notice of the liability under subsection (5).
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