PART 7A - ADDITIONAL REQUIREMENTS FOR DEALINGS WITH CERTAIN GOODS
History
Pt 7A (comprising s 91A to s 91ZF) inserted by No 16 of 1998, Sch 2 item 23, effective 16 April 1998. See also the history note for Div 3 and 4.
Division 4 - Withholding of sales tax on dealings with Part 7A goods
History
Div 4 (comprising s 91W to s 91ZD) inserted by No 16 of 1998, Sch 2 item 23 and 25(3), applicable to dealings on or after 1 September 1998 (reg 8A of the Sales Tax Assessment Regulations).
SECTION 91ZC (Repealed by 101 of 2006)
FAILURE TO PAY DEDUCTED AMOUNTS
91ZC
If any of the amount which a person must pay to the Commissioner under subsection 91Z(1) 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.
History
S 91ZC substituted by No 11 of 1999, s 3, Sch 1 item 306, effective 1 July 1999. S 91ZC formerly read:
FAILURE TO PAY AMOUNTS DEDUCTED TO COMMISSIONER
91ZC(1)
Where an amount (the
``principal amount''
) payable to the Commissioner by a person other than the Commonwealth under subsection 91Z(1) remains unpaid at the end of the period within which it is required to be paid:
(a)
the principal amount continues to be payable by the person to the Commissioner; and
(b)
the person is liable to pay to the Commissioner, by way of penalty, the amount worked out under subsection (2) or (3).
91ZC(2)
If the person is not a government body, the amount is the sum of:
(a)
an amount (the
``relevant penalty amount''
) equal to 20% of the principal amount; and
(b)
an amount at the rate of 16% per annum of the sum of so much of the principal amount as remains unpaid and so much of the relevant penalty amount as remains unpaid, worked out from the end of that period.
91ZC(3)
If the person is a government body, the amount is 16% per annum of so much of the principal amount as remains unpaid, worked out from the end of that period.
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