MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
If an amount of * assessed MRRT or * shortfall interest charge that a miner is liable to pay remains unpaid after the time by which it is due to be paid, the miner is liable to pay the * general interest charge on the unpaid amount for each day in the period that:
(a) starts at the beginning of the day on 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 assessed MRRT or shortfall interest charge;
(ii) general interest charge on any of the assessed MRRT or shortfall interest charge.
Note 1:
The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 .
Note 2:
Shortfall interest charge is worked out under Division 280 in Schedule 1 to that Act.
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