Taxation Laws Amendment Act (No. 3) 1999 (Repealed) (11 of 1999)

Schedule 1   Running balance accounts, general interest charge and related matters

Part 1   Amendments

Income Tax Assessment Act 1936

133   Subsection 221AZP(2)

Omit "The penalty applies to", substitute "The taxpayer is liable to pay the general interest charge on the amount that is".