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

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

Part 1   Amendments

Petroleum Resource Rent Tax Assessment Act 1987

282   Subsection 65(1)

Omit “interest to the Commissioner, calculated in accordance with”, substitute “the general interest charge for each day in the period in”.

Note: The heading to section 65 is altered by omitting “ interest ” and substituting “ the general interest charge ”.