Document ID: chunk:federal_register_of_legislation:C2011C00610:clause:1_25
Version: federal_register_of_legislation:C2011C00610
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 60311–61128

25  Subsection 254(2)
Repeal the subsection, substitute:

 (2) Subsection (1) applies to the following in the same way as it applies to tax:
 (a) the general interest charge under:
 (i) section 163AA, former section 170AA, former subsection 204(3), former subsection 221AZMAA(1), former subsection 221AZP(1), former subsection 221YD(3) or former section 221YDB of this Act;
 (ii) section 5‑15 of the Income Tax Assessment Act 1997;
 (b) additional tax under former Part VII of this Act;
 (c) shortfall interest charge.

Note 1: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953 and shortfall interest charge is worked out under Division 280 in Schedule 1 to that Act.

Note 2: Subsection 8AAB(4) of that Act lists the provisions that apply the general interest charge.