Document ID: chunk:federal_register_of_legislation:C2004A00636:clause:2_55
Version: federal_register_of_legislation:C2004A00636
Segment Type: clause
Provision Reference: sch 2 cl 55
Character Range: 42916–43368

55  Subsection 8AAZH(1)
Repeal the subsection, substitute:

 (1) If there is an RBA deficit debt on an RBA at the end of a day, the tax debtor is liable to pay to the Commonwealth the amount of the debt. The amount is due and payable at the end of that day.

Note: For provisions about collection and recovery of the amount, see Part 4‑15 in Schedule 1.

Note: The heading to section 8AAZH is replaced by the heading "Liability for RBA deficit debt".