Document ID: chunk:federal_register_of_legislation:C2025A00009:clause:1_8
Version: federal_register_of_legislation:C2025A00009
Segment Type: clause
Provision Reference: sch 1 cl 8
Character Range: 44769–45336

8  After subsection 172A(2)
Insert:

Shortfall interest charge
 (2A) If:
 (a) a person is liable to pay an amount under subsection (2); and
 (b) as a result, the person is liable to pay shortfall interest charge on that amount under section 280‑102F in Schedule 1 to the Taxation Administration Act 1953;
then the shortfall interest charge is due and payable 21 days after the day on which the Commissioner gives the person notice of the charge.
Note: Shortfall interest charge is worked out under Division 280 in Schedule 1 to the Taxation Administration Act 1953.