Document ID: chunk:federal_register_of_legislation:C2013A00118:clause:1_2:p2
Version: federal_register_of_legislation:C2013A00118
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/7)
Character Range: 27217–29909

Period for which the charge is payable
 (3) The liability is for each day in the period:
 (a) beginning on the first day of the income year; and
 (b) ending on the day before the day on which *tax under your first notice of assessment for that income year is due to be paid, or would be due to be paid if there were any.

95‑15  Amount of excess concessional contributions charge
  The *excess concessional contributions charge for a day is worked out by multiplying the rate worked out under section 4 of the Superannuation (Excess Concessional Contributions Charge) Act 2013 for that day by the sum of the following amounts:
 (a) the amount of *tax on which you are liable to pay the charge;
 (b) the excess concessional contributions charge on that amount from previous days.

95‑20  When excess concessional contributions charge is due and payable
 (1) The *excess concessional contributions charge you are liable to pay for an income year is due and payable on the day on which *tax is due to be paid under your first notice of assessment for that income year that includes an amount of tax on which you are liable to pay the charge.
Note: For when income tax is due and payable, see section 5‑5 of the Income Tax Assessment Act 1997.

Determination required
 (2) An amount of *excess concessional contributions charge is only due and payable if the Commissioner gives you an *excess concessional contributions determination stating the amount of the charge (although it may be taken by subsection (1) to have been due and payable at a time before the determination was made).
Note: For excess concessional contributions determinations, see Division 97.

Amended determinations
 (3) However, if the Commissioner amends your *excess concessional contributions determination, any extra charge resulting from the amendment is due and payable 21 days after the Commissioner gives you notice of the amended determination.

95‑25  General interest charge
  If an amount of *excess concessional contributions charge or *shortfall interest charge on excess concessional contributions charge 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 excess concessional contributions charge or shortfall interest charge;
 (ii) the general interest charge on any of the excess concessional contributions charge or shortfall interest charge.
Note 1: The general interest charge is worked out