TAXATION ADMINISTRATION ACT 1953

PART IIA - THE GENERAL INTEREST CHARGE  

SECTION 8AAB   WHEN THE GENERAL INTEREST CHARGE APPLIES  

8AAB(1)  


There are certain provisions of this Act and other Acts that make persons liable to pay the general interest charge. Subsection (4) lists the provisions.

8AAB(2)  
A person is only liable to pay the charge on an amount if a provision specifies that the person is liable to pay the charge on the amount.

8AAB(3)  
The charge does not apply to the Commonwealth or an authority of the Commonwealth.

8AAB(4)  


The following table is an index of the laws that deal with liability to the charge.


Liability to general interest charge
Item Column 1 Column 2 Column 3
Section Act Topic
1 162-100 A New Tax System (Goods and Services Tax) Act 1999 payment of GST instalments
2 168-10 A New Tax System (Goods and Services Tax) Act 1999 supplies later found to be GST-free supplies
3 25-10 A New Tax System (Wine Equalisation Tax) Act 1999 purchases later found to be GST free supplies
3A 175-65 Australian Charities and Not-for-profits Commission Act 2012 payment of administrative penalty
3B 67 Excise Act 1901 payment of excise duty for tobacco goods
4 (Repealed by No 70 of 2015)
5 93 Fringe Benefits Tax Assessment Act 1986 payment of fringe benefits tax
6 112B Fringe Benefits Tax Assessment Act 1986 payment of fringe benefits tax instalments
7 102UP Income Tax Assessment Act 1936 payment of trustee beneficiary non-disclosure tax
8 128C Income Tax Assessment Act 1936 payment of withholding tax
9 former section 163AA Income Tax Assessment Act 1936 returns by instalment taxpayers
10 former section 163B Income Tax Assessment Act 1936 returns by persons other than instalment taxpayers
10A 172A Income Tax Assessment Act 1936 repayments of excessive tax offset refunds
11 271-80 in Schedule 2F Income Tax Assessment Act 1936 payment of family trust distribution tax
12 5-15 Income Tax Assessment Act 1997 unpaid income tax or shortfall interest charge
13 197-75 Income Tax Assessment Act 1997 payment of untainting tax
14 214-155 Income Tax Assessment Act 1997 payment of franking tax by a corporate tax entity
15 292-390 Income Tax Assessment Act 1997 payment of excess non-concessional contributions tax or shortfall interest charge
15A 293-75 Income Tax Assessment Act 1997 payment of Division 293 tax or shortfall interest charge
15B 294-250 Income Tax Assessment Act 1997 payment of excess transfer balance tax
16 (Repealed by No 70 of 2015)
16A 418-170 Income Tax Assessment Act 1997 payment of excess exploration credit tax or shortfall interest charge
17 721-30 Income Tax Assessment Act 1997 liability of members of consolidated groups
18 840-810 Income Tax Assessment Act 1997 payment of managed investment trust withholding tax
18A 840-910 Income Tax Assessment Act 1997 payment of Seasonal Labour Mobility Program withholding tax
19 214-105 Income Tax (Transitional Provisions) Act 1997 payment of franking deficit tax
19A (Repealed by No 96 of 2014)
20 85 Petroleum Resource Rent Tax Assessment Act 1987 payment of petroleum resource rent tax, shortfall interest charge or instalment transfer interest charge
20A 282-19 Private Health Insurance Act 2007 repayment of private health insurance premium reduction or refund
21 35 Product Grants and Benefits Administration Act 2000 payment of a designated scheme debt
22 21 Superannuation Contributions Tax (Assessment and Collection) Act 1997 increase in liability to pay superannuation contributions surcharge because of amendment of assessment
23 22 Superannuation Contributions Tax (Assessment and Collection) Act 1997 liability to pay superannuation contributions surcharge because of new assessment
24 25 Superannuation Contributions Tax (Assessment and Collection) Act 1997 payment of superannuation contributions surcharge or advance instalment
25 18 Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 increase in liability to pay superannuation contributions surcharge because of amendment of assessment
26 21 Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 payment of superannuation contributions surcharge
27 25 Superannuation (Government Co-contribution for Low Income Earners) Act 2003 repayments or underpayments of Government co-contributions that cannot be credited to an account
28 49 Superannuation Guarantee (Administration) Act 1992 payment of superannuation guarantee charge
29 15DC Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 payment of superannuation (self managed superannuation funds) supervisory levy
30 17A Superannuation (Unclaimed Money and Lost Members) Act 1999 payment of unclaimed money
31 18C Superannuation (Unclaimed Money and Lost Members) Act 1999 repayment of Commissioner ' s payment that cannot be credited to an account
32 20F Superannuation (Unclaimed Money and Lost Members) Act 1999 payment of unclaimed superannuation of former temporary residents
33 20M Superannuation (Unclaimed Money and Lost Members) Act 1999 repayment of Commissioner ' s payment for former temporary resident that cannot be credited to an account
33A 20QE Superannuation (Unclaimed Money and Lost Members) Act 1999 payment in respect of inactive low-balance accounts
33B 20QL Superannuation (Unclaimed Money and Lost Members) Act 1999 repayment of Commissioner ' s payment in respect of inactive low-balance accounts that cannot be credited to an account
34 24F Superannuation (Unclaimed Money and Lost Members) Act 1999 payment in respect of lost member accounts
35 24L Superannuation (Unclaimed Money and Lost Members) Act 1999 repayment of Commissioner ' s payment for former lost member that cannot be credited to an account
35A 24NB Superannuation (Unclaimed Money and Lost Members) Act 1999 repayment of Commissioner ' s payment for inactive low-balance accounts that cannot be credited to an active account
36 8AAZF Taxation Administration Act 1953 RBA deficit debts
37 8AAZN Taxation Administration Act 1953 overpayments made by the Commissioner
38 16-80 in Schedule 1 Taxation Administration Act 1953 payment of PAYG withholding amounts
38A 18-150 in Schedule 1 Taxation Administration Act 1953 PAYG withholding non-compliance tax
39 45-80 in Schedule 1 Taxation Administration Act 1953 payment of PAYG instalments
40 45-230 in Schedule 1 Taxation Administration Act 1953 shortfall in quarterly PAYG instalments worked out on the basis of a varied rate
41 45-232 in Schedule 1 Taxation Administration Act 1953 shortfall in quarterly PAYG instalments worked out on the basis of estimated benchmark tax
42 45-235 in Schedule 1 Taxation Administration Act 1953 shortfall in annual PAYG instalments
43 45-600 and 45-620 in Schedule 1 Taxation Administration Act 1953 tax benefits relating to PAYG instalments
44 45-870 and 45-875 in Schedule 1 Taxation Administration Act 1953 head company ' s liability on shortfall in quarterly PAYG instalments
44Q 95-25 in Schedule 1 Taxation Administration Act 1953 payment of excess concessional contributions charge or shortfall interest charge
45 105-80 in Schedule 1 Taxation Administration Act 1953 payment of a net fuel amount or an amount of indirect tax
45A 115-10 in Schedule 1 Taxation Administration Act 1953 payment of major bank levy
45B (Repealed by No 96 of 2014)
45C 133-115 in Schedule 1 Taxation Administration Act 1953 payment of debt account discharge liability
46 263-30 in Schedule 1 Taxation Administration Act 1953 payment of a foreign revenue claim
47 268-75 in Schedule 1 Taxation Administration Act 1953 late payment of estimate
48 298-25 in Schedule 1 Taxation Administration Act 1953 payment of administrative penalty
49 (Repealed by No 32 of 2014)
50 (Repealed by No 23 of 2018)
51 (Repealed by No 23 of 2018)

8AAB(5)  
(Repealed by No 41 of 2011)




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