TAX BONUS FOR WORKING AUSTRALIANS ACT (NO 2) 2009 (REPEALED)

SECTION 9   GENERAL INTEREST CHARGE ON OVERPAYMENT DEBTS  

9(1)    
If:

(a) a person is liable under subsection 8(2) to repay an amount; and

(b) the whole or a part of the amount remains unpaid after the time by which the amount is due to be paid;

the person is liable to pay general interest charge on the unpaid amount.

9(2)    
A person who is liable under this section to pay general interest charge on an unpaid amount is liable to pay the charge for each day in the period that:

(a) started at the beginning of the day by which the unpaid amount was due to be paid; and

(b) finishes at the end of the last day at the end of which any of the following remains unpaid:

(i) the unpaid amount;

(ii) general interest charge on any of the unpaid amount.