Document ID: chunk:federal_register_of_legislation:C2004A05169:clause:5_8r
Version: federal_register_of_legislation:C2004A05169
Segment Type: clause
Provision Reference: sch 5 cl 8R
Character Range: 27256–27898

8R  Entitlement to interest
  If:
 (a) an assessment is made under the Termination Payments Tax (Assessment and Collection) Act 1997 in respect of a taxpayer's liability to pay termination payments surcharge; and
 (b) the taxpayer has paid the assessed amount of the surcharge; and
 (c) the assessment is amended reducing the liability of the taxpayer to pay surcharge;
interest is payable by the Commissioner to the taxpayer in accordance with this Part on the amount by which the surcharge payable by the taxpayer under the amended assessment is less than the surcharge that was paid by the taxpayer under the assessment that was amended.