Document ID: chunk:federal_register_of_legislation:C2009C00311:clause:2_5
Version: federal_register_of_legislation:C2009C00311
Segment Type: clause
Provision Reference: sch 2 cl 5
Character Range: 24453–25028

5  Subsection 263‑35(5) in Schedule 1
Repeal the subsection, substitute:

 (5) If the Commissioner removes particulars of a *foreign revenue claim relating to the recovery of an amount from the Register under paragraph (2)(a) or subsection (4), the debtor is entitled to a credit for the purposes of Part IIB equal to the sum of:
 (a) the amount (as reduced by any previous application of subsection (6)); and
 (b) any *general interest charge for which the debtor is liable as a result of the foreign revenue claim.

Note: How the credit is applied is set out in Part IIB.