Document ID: chunk:federal_register_of_legislation:C2010C00673:body:0:p61
Version: federal_register_of_legislation:C2010C00673
Segment Type: other
Provision Reference: 
Character Range: 152048–154661

decision is made, or the applying of the income tax
crediting amount takes place, in giving effect, or in
circumstances that would enable effect to be given, to the
provision mentioned in paragraph (b), or to that provision in
its operation in the prescribed manner, as a result of the
taxing of the amount under the law of the foreign country.
  "(2) For the purposes of this Act, a decision to which this
Act applies is also made, or the applying of an income tax
crediting amount also takes place, to 'provide correlative
relief' in respect of the taxing of an amount under a law of a
foreign country (the 'primary foreign country') if:
  (a) there is no double tax agreement between Australia and
the primary foreign country; and
  (b) a provision of a double tax agreement between Australia
and a foreign country other than the primary foreign country
has been prescribed, or the manner of operation of a provision
of such an agreement has been prescribed, for the purposes of
this paragraph; and
  (c) the decision is made, or the applying of the income tax
crediting amount takes place, in circumstances that would
enable effect to be given to the provision mentioned in
paragraph (b), or to that provision in its operation in the
prescribed manner, as a result of the taxing of the amount
under the law of the primary foreign country, if the double tax
agreement had instead been entered into between Australia and
the primary foreign country.".
  11. After Part II:
Insert:
              "PART IIA - INTEREST ON EARLY PAYMENTS
Entitlement to interest
  "8A. (1) If:
  (a) a person makes a payment of, or on account of:
    (i) income tax; or
    (ii) HEC assessment debt; or
    (iii) FS assessment debt; or
    (iv) additional tax under Part VII of the Tax Act; or
    (v) interest under section 102AAM of the Tax Act; or
    (vi) provisional tax; or
    (vii) an instalment of provisional tax within the meaning
of section 221YA of the Tax Act; or
    (viii) an amount mentioned in subsection 221AP(1) of the
Tax Act; or
    (ix) an amount mentioned in paragraph 221AZD(b) of the Tax
Act; or
    (x) an instalment under subsection 221AZK(2) of the Tax
Act; and
  (b) the payment is made more than 14 days before:
    (i) if subparagraph (ii) does not apply - the day (the
'appropriate due day') on which the tax, debt, interest, amount
or instalment concerned becomes due and payable; or
    (ii) if the person is a relevant entity or an instalment
taxpayer and the payment is of, or on account of, income tax -
the final instalment day (also the 'appropriate due day') in
respect of the year of income