Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:8_160ardza
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 8 cl 160ARDZA
Character Range: 53070–53782

160ARDZA  Late payment of untainting tax

  If any of the untainting tax which a person is liable to pay remains unpaid 60 days after the day by which it is due to be paid, the person is liable to pay the general interest charge on the unpaid amount for each day in the period that:
 (a) started at the beginning of the 60th day after the day by which the untainting tax was due to be paid; and
 (b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the untainting tax;
 (ii) general interest charge on any of the untainting tax.

Note: The general interest charge is worked out under Division 1 of Part IIA of the Taxation Administration Act 1953.