Student Assistance Act 1973

Part 4A - Financial Supplement for Tertiary Students  

Division 6 - Indebtedness existing after termination date  

Subdivision D - Returns and assessments  

SECTION 12ZNA   CHARGES AND ADMINISTRATIVE PENALTIES FOR FAILING TO MEET OBLIGATIONS  

12ZNA(1)    
Part 4-25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:


(a) any compulsory repayment amount of a person were income tax payable by the person in respect of the income year in respect of which the assessment of that debt was made; and


(b) this Part were an income tax law.

12ZNA(2)    
Subsection (1) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.




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