Document ID: chunk:federal_register_of_legislation:C2010C00673:body:0:p66
Version: federal_register_of_legislation:C2010C00673
Segment Type: other
Provision Reference: 
Character Range: 163955–166554

the
first crediting; and
  (e) if the person furnishes the return of income for the year
of income 30 days or more before the final instalment day in
relation to the year of income - the first crediting occurs 30
days or more after the day on which the person furnishes the
return; and
  (f) if the person furnishes the return of income for the year
of income after the 30th day before the final instalment day in
relation to the year of income - the first crediting occurs on
or after the final instalment day;
interest is payable by the Commissioner to the person on the
excess mentioned in paragraph (d), calculated in respect of the
period applicable under section 8H at the rate specified in
section 8I.
  "(2) If:
  (a) a person who is a relevant entity or an instalment
taxpayer furnishes a return of income for a year of income; and
  (b) after the first crediting, the Commissioner credits,
applies or refunds (which crediting, applying or refunding is a
'later crediting') one or more income tax crediting amounts in
relation to the income tax payable by the person for the year
of income; and
  (c) the sum of the income tax crediting amounts in paragraph
        (b) exceeds the sum of the following amounts:
    (i) income tax payable for the year of income by the person
immediately before the later crediting;
Note: This is the income tax payable for the year of income as
reduced by any rebate, deduction under subsection 100(2) of the
Tax Act, crediting, applying or other payment made before the
later crediting.
    (ii) additional tax for the year of income payable by the
person under Part VII of the Tax Act immediately before the
later crediting;
    (iii) interest for the year of income payable by the person
under section 102AAM of the Tax Act immediately before the
later crediting; and
interest is payable by the Commissioner to the person on the
excess mentioned in paragraph (c), calculated in respect of the
period applicable under section 8H at the rate specified in
section 8I.
Interest period - relevant entities and instalment taxpayers
  "8H. (1) If subsection 8G(1) applies, the interest is payable
on the excess mentioned in paragraph 8G(1)(d) for the period
from the beginning of the earlier of the following days:
  (a) the 30th day after the day on which the person furnishes
the return of income for the year of income;
  (b) the final instalment day in relation to the year of
income;
until the end of the day on which the first crediting occurs.
  "(2) If subsection 8G(2) applies and subsection (3) of this
section does not apply, the interest is payable