TAXATION ADMINISTRATION ACT 1953

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

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-20 - SUPERANNUATION  

Division 133 - Division 293 tax  

Subdivision 133-C - Compulsory payment  

Debt account discharge liability

SECTION 133-115   133-115   GENERAL INTEREST CHARGE  


If your * debt account discharge liability remains unpaid after the time by which it is due and payable, you are liable to pay the * general interest charge on the unpaid amount for each day in the period that:


(a) begins on the day on which the debt account discharge liability was due to be paid; and


(b) ends on the last day on which, at the end of the day, any of the following remains unpaid:


(i) the debt account discharge liability;

(ii) general interest charge on any of the debt account discharge liability.
Note:

The general interest charge is worked out under Part IIA .




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