Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p10
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 10/17)
Character Range: 1276381–1278970

provides for general interest charge on any part of the additional amount (plus any shortfall interest charge) that remains unpaid after the additional amount is due and payable.
Note 3: See section 177R of the Income Tax Assessment Act 1936 for when the amount of shortfall interest charge becomes due and payable.

280‑102D  Liability to shortfall interest charge—Laminaria and Corallina decommissioning levy
 (1) You are liable to pay *shortfall interest charge on an additional amount of *Laminaria and Corallina decommissioning levy that you are liable to pay because the Commissioner amends your assessment of an amount of levy payable for a financial year.
 (2) The liability is for each day in the period:
 (a) beginning at the start of the day on which levy under your first assessment for that financial year was due to be paid, or would have been due to be paid if there had been any; and
 (b) ending at the end of the day before the day on which the Commissioner gave you the notice of the amended assessment.
 (3) However, if an amended assessment reinstates all or part of a liability in relation to a particular that had been reduced by an earlier amended assessment, the period for the reinstated liability begins at the start of the day on which levy under the earlier amended assessment was due to be paid, or would have been due to be paid if there had been any.
Note: See section 125‑10 for when the amount of levy and shortfall interest charge becomes due and payable. That section also provides for general interest charge on any part of the additional amount (plus any shortfall interest charge) that remains unpaid after the additional amount is due and payable.

280‑102E  Liability to shortfall interest charge—Australian IIR/UTPR tax and Australian DMT tax
 (1) A *Group Entity is liable to pay *shortfall interest charge on an additional amount of *Australian GloBE tax that the Group Entity is liable to pay because the Commissioner amends the Group Entity's assessment of an amount of such tax payable for a *Fiscal Year.
 (2) The liability is for each day in the period:
 (a) beginning at the start of the day on which such tax under the *Group Entity's first assessment for such tax for that *Fiscal Year was due to be paid, or would have been due to be paid if there had been any; and
 (b) ending at the end of the day before the day on which the Commissioner gave the Group Entity notice of the amended assessment.
 (3) However, if an amended assessment reinstates all or part of a liability in relation to a particular that had been reduced by an earlier