Document ID: chunk:federal_register_of_legislation:C2010C00673:body:0:p73
Version: federal_register_of_legislation:C2010C00673
Segment Type: other
Provision Reference: 
Character Range: 180681–183500

substitute:
  "'basic statutory interest rate', in relation to a year of
income, means such annual rate or rates of interest as are
provided for by section 214A, less 4 percentage points, for the
year of income or for periods included in the year of income,
as the case may be;".
  27. Paragraph 102AAM(5)(b):
Omit the paragraph, substitute:
  "(b) at such annual rate or rates as are provided for by
section 214A, less 4 percentage points.".
  28. Subsection 214A(2):
Omit the subsection, substitute:
  "(2) The annual rate at which interest is calculated or
computed under:
  (a) section 102AAB, 102AAM, 170AA, 207A, 555 or 592 of this
Act; or
  (b) section 93 of the Fringe Benefits Tax Assessment Act
1986; or
  (c) section 65 of the Petroleum Resource Rent Tax Assessment
Act 1987; or
  (d) section 75 of the Training Guarantee (Administration) Act
1990; or
  (e) section 8C, 8I, 10 or 12C of the Taxation (Interest on
Overpayments and Early Payments) Act 1983;
for any period of, or within, a month is the rate of interest
for that month.".
  29. Subsection 555(2) (definition of "basic statutory
interest rate"):
Omit the definition, substitute:
  "'basic statutory interest rate', in relation to a year of
income, means such annual rate or rates of interest as are
provided for by section 214A, less 4 percentage points, for the
year of income or for periods included in the year of income,
as the case may be;".
  30. Subsection 592(2) (definition of "basic statutory
interest rate"):
Omit the definition, substitute:
  "'basic statutory interest rate', in relation to a year of
income, means such annual rate or rates as are provided for by
section 214A, less 4 percentage points, for the year of income
or for periods included in the year of income, as the case may
be;".
     Division 2 - Fringe Benefits Tax Assessment Act 1986
  31. Subsection 93(2):
Omit the words after "reference to such", substitute "annual
rate or rates as are provided for by section 214A of the Income
Tax Assessment Act 1936, less 4 percentage points.".
  32. Subsection 93(3):
Omit the subsection.
Division 3 - Superannuation Guarantee (Administration) Act 1992
  33. Subsection 31(1):
Omit "regulations made for the purposes of paragraph 10(1)(b)
of the Taxation (Interest on Overpayments) Act 1983",
substitute "the regulations for the purposes of this
subsection".
  34. Subsection 31(2):
Omit the subsection.
  35. Subsection 49(2):
Omit "regulations made for the purposes of paragraph 10(1)(b)
of the Taxation (Interest on Overpayments) Act 1983",
substitute "the regulations for the purposes of this
subsection".
  36. Subsection 49(3):
Omit the subsection.
  Division 4 - Training Guarantee (Administration) Act 1990
  37. Subsection 75(2):
Omit the words after "reference to", substitute "such annual
rate or rates as are