Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-25 - CHARGES AND PENALTIES  

Division 280 - Shortfall interest charge  

Subdivision 280-B - Shortfall interest charge  

SECTION 280-103   LIABILITY TO SHORTFALL INTEREST CHARGE - GENERAL  

280-103(1)    
Your liability to pay *shortfall interest charge exists whether or not you are liable to any penalty under this Act.

280-103(2)    
Neither the Commonwealth nor an authority of the Commonwealth is liable to pay *shortfall interest charge.