Document ID: chunk:federal_register_of_legislation:C2012A00142:clause:3_53
Version: federal_register_of_legislation:C2012A00142
Segment Type: clause
Provision Reference: sch 3 cl 53
Character Range: 23279–24092

53  No overpayments interest arises from pre rules
(1) Disregard a deduction covered by subitem (2) in working out:
 (a) the amount (if any) of an excess mentioned in paragraph 8G(1)(d) of the Taxation (Interest on Overpayments and Early Payments) Act 1983; and
 (b) the amount (if any) of an excess mentioned in paragraph 8G(2)(c) of that Act; and
 (c) the extent (if any) to which an amount of relevant tax is overpaid as mentioned in paragraph 9(1)(b) of that Act.
(2) A deduction is covered by this subitem if the pre rules apply in working out the amount of the deduction.
(3) This item does not apply to the extent that its application would affect an amount of interest paid by the Commissioner of Taxation under the Taxation (Interest on Overpayments and Early Payments) Act 1983 before 25 November 2011.