Superannuation Contributions Tax (Assessment and Collection) Act 1997
PART 3
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ASSESSMENT AND COLLECTION OF SURCHARGE AND ADVANCE INSTALMENTS
SECTION 22
22
PAYMENT OF GENERAL INTEREST CHARGE IF SURCHARGE PAYABLE UNDER A FURTHER ASSESSMENT
If, under an assessment (the new assessment ) made under subsection 15(1) because of subsection 20(3) , a person is liable to pay an amount of surcharge for a financial year, the person is liable to pay the general interst charge on that amount for each day in the period that:
(a) started at the beginning of 15 June in the financial year; and
(b) finishes at the end of the day before the new assessment is made.
If, under an assessment (the new assessment ) made under subsection 15(1) because of subsection 20(3) , a person is liable to pay an amount of surcharge for a financial year, the person is liable to pay the general interst charge on that amount for each day in the period that:
(a) started at the beginning of 15 June in the financial year; and
(b) finishes at the end of the day before the new assessment is made.
Note:
The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 .
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