Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 5   AMENDMENTS RELATING TO THE PAYMENT OF INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS

Part 3   OTHER ACTS

Division 1   Income Tax Assessment Act 1936

26   Section 102AAB (definition of 'basic statutory interest rate')

Omit the definition, substitute:

"'basic statutory interest rate', in relation to a year of income, means such annual rate or rates of interest as are provided for by section 214A, less 4 percentage points, for the year of income or for periods included in the year of income, as the case may be;".