Petroleum Resource Rent Tax Assessment Act 1987

PART VIII - COLLECTION AND RECOVERY OF TAX  

Division 2 - Collection by instalments  

SECTION 98C   INSTALMENT TRANSFER INTEREST CHARGE - NOTIFICATION AND PAYMENT  

Notice of charge payable

98C(1)    
The Commissioner must give a liable person a notice stating the amount of instalment transfer interest charge that the liable person is liable to pay for an instalment transfer charge period.

98C(2)    
(Repealed by No 79 of 2010 )

98C(3)    
A notice given by the Commissioner under this section is prima facie evidence of the matters stated in the notice.

Note:

See also section 350-10 in Schedule 1 to the Taxation Administration Act 1953 .

When payment is due

98C(4)    
An amount of instalment transfer interest charge that the liable person is liable to pay is due and payable on the 21st day after the day on which the Commissioner gives the liable person notice of the amount of the charge under this section.

Note:

The Commissioner may defer the time at which the charge is, or would become, due and payable: see section 255-10 in Schedule 1 to the Taxation Administration Act 1953 .