Document ID: chunk:federal_register_of_legislation:C2013A00118:clause:1_34
Version: federal_register_of_legislation:C2013A00118
Segment Type: clause
Provision Reference: sch 1 cl 34
Character Range: 51167–51828

34  Subsection 280‑100(4) in Schedule 1
Repeal the subsection, substitute:

Liability to shortfall interest charge—excess concessional contributions charge
 (4) Despite subsection (1), if:
 (a) you are liable under that subsection to pay *shortfall interest charge on an additional amount of income tax; and
 (b) that additional amount includes an amount of income tax on which you are liable to pay an amount of *excess concessional contributions charge;
the additional amount of income tax on which you are liable to pay shortfall interest charge is taken to be increased by the amount of excess concessional contributions charge mentioned in paragraph (b).