Document ID: chunk:federal_register_of_legislation:C2023C00409:section:22
Version: federal_register_of_legislation:C2023C00409
Segment Type: section
Provision Reference: s 22
Character Range: 71798–72408

22  Payment of general interest charge if surcharge payable under a further assessment
  If, under an assessment (the new assessment) made under subsection 15(1) because of subsection 20(3), a person is liable to pay an amount of surcharge for a financial year, the person is liable to pay the general interest charge on that amount for each day in the period that:
 (a) started at the beginning of 15 June in the financial year; and
 (b) finishes at the end of the day before the new assessment is made.
Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.