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

78   At the end of subsection 209(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.


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).