Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:1_7:p8
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 1 cl 7 (pt 8/8)
Character Range: 51373–52758

may, by legislative instrument, determine a rate for a day.

294‑240  When tax is payable—original assessments
  Your *assessed excess transfer balance tax is due and payable at the end of 21 days after the Commissioner gives you notice of the assessment of the amount of the *excess transfer balance tax.
Note: For assessments of excess transfer balance tax, see Division 155 in Schedule 1 to the Taxation Administration Act 1953.

294‑245  When tax is payable—amended assessments
  If the Commissioner amends your assessment, any extra *assessed excess transfer balance tax resulting from the amendment is due and payable 21 days after the day the Commissioner gives you notice of the amended assessment.

294‑250  General interest charge
  If an amount of *assessed excess transfer balance tax that you are liable to pay remains unpaid after the time by which it is due to be paid, you are liable to pay the *general interest charge on the unpaid amount for each day in the period that:
 (a) begins on the day on which the amount was due to be paid; and
 (b) ends on the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the assessed excess transfer balance tax;
 (ii) general interest charge on any of the assessed excess transfer balance tax.
Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.