Future Made in Australia (Production Tax Credits and Other Measures) Act 2025 (9 of 2025)
Schedule 1 Hydrogen production tax incentive
Part 2 Shortfall interest charge
Taxation Administration Act 1953
16 Section 280-1 in Schedule 1 (after the paragraph beginning "The shortfall interest charge")
Insert:
The shortfall interest charge also applies if an amendment of your assessment by the Commissioner reveals that excessive tax offset refunds have been credited to you and you are liable to pay the amount of the excess.
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