INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
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Hide history noteIf any of the amount which a person is liable to pay under paragraph 221ZN(1)(c) remains unpaid after the time by which it is due to be paid, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
(a) started at the beginning of the day by which the amount was due to be paid; and
(b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
(i) the amount;
(ii) general interest charge on any of the amount.
Note:
The general interest charge is worked out under Division 1 of Part IIA of the Taxation Administration Act 1953 .
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