Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 23   Single touch payroll reporting

Part 1   Reporting by employers

Division 2   Other amendments

Taxation (Interest on Overpayments and Early Payments) Act 1983

21   Section 12AF (paragraph (b) of the definition of RBA interest day)

Repeal the paragraph, substitute:

(b) if, by the day applicable under paragraph (a), the person has not given the Commissioner a notification that:

(i) is required for the refund under section 8AAZLG or 8AAZLGB (as the case requires) of the Taxation Administration Act 1953; and

(ii) that is accurate so far as it relates to the refund;

the day on which that notification is given to the Commissioner;