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

71   At the end of subsection 172(2)

Add:

Note 1: The general interest charge is worked out under Division 1 of Part IIA of theTaxation Administration Act 1953.

Note 2: Subsection 8AAB(4) of that Act lists the provisions that apply the charge.