TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) ACT 1983

PART IIA - INTEREST ON EARLY PAYMENTS  

SECTION 8A   ENTITLEMENT TO INTEREST  

8A(1)  
If:


(a) a person makes a payment of, or on account of:


(i) income tax; or

(ia) shortfall interest charge under Division 280 in Schedule 1 to the Taxation Administration Act 1953 ; or

(ii) (Repealed by No 56 of 2010)

(iia) compulsory repayment amount; or

(iiaa) compulsory VETSL repayment amount; or

(iib) compulsory SSL repayment amount; or

(iic) compulsory ABSTUDY SSL repayment amount; or

(iid) compulsory TSL repayment amount; or

(iii) FS assessment debt; or

(iv) (Repealed by No 101 of 2006 )

(v) interest under section 102AAM of the Tax Act; or

(va) a penalty under former section 163A of the Tax Act; or

(vb) general interest charge under former section 163B , or former section 170AA , of the Tax Act; and

(vi) - (x) (Repealed by No 101 of 2006 )


(b) the payment is made more than 14 days before the day (the appropriate due day ) on which the tax, debt, interest, amount or instalment concerned becomes due and payable;

interest is payable by the Commissioner to the person on the payment, calculated in respect of the period applicable under section 8B at the rate specified in section 8C.

8A(2)  


A reference in paragraph (1)(a) to a person making a payment of, or on account of:


(a) income tax; or


(b) (Repealed by No 56 of 2010)


(ba) compulsory repayment amount; or


(baa) compulsory VETSL repayment amount; or


(bb) compulsory SSL repayment amount; or


(bc) compulsory ABSTUDY SSL repayment amount; or


(bd) compulsory TSL repayment amount; or


(c) FS assessment debt;

does not include a reference to the making of a deduction or payment under Part VI (other than Division 1) of the Tax Act.

8A(3)  
A reference in paragraph (1)(a) to a person making a payment of, or on account of, any thing listed in any of the subparagraphs of that paragraph does not include a reference to the person being deemed or taken, by the Tax Act or any other Act, to have paid the thing because of the crediting or applying of any relevant tax, income tax crediting amount or other payment.




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