Taxation Laws Amendment Act (No. 3) 1999 (11 of 1999)

Schedule 1   Running balance accounts, general interest charge and related matters

Part 1   Amendments

Income Tax Assessment Act 1936

256   Subsection 222AJB(1)

Omit “a penalty payable under a provision of”, substitute “pay the general interest charge under”.

Note: The heading to section 222AJB is altered by omitting “ paying penalty ” and substituting “ paying the general interest charge ”.