Document ID: chunk:federal_register_of_legislation:C2024C00692:section:8e:p2
Version: federal_register_of_legislation:C2024C00692
Segment Type: section
Provision Reference: s 8E (pt 2/2)
Character Range: 24494–26808

issued to the person, the Commissioner credits, applies or refunds (which crediting, applying or refunding is a post‑notice crediting) one or more income tax crediting amounts in relation to the income tax payable by the person for the year of income; and
 (d) the sum of the income tax crediting amounts in paragraph (c) exceeds the sum of the following amounts:
 (i) income tax payable for the year of income by the person immediately before the post‑notice crediting;
Note: This is the amount payable under the assessment 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 post‑notice crediting.
 (iii) a compulsory repayment amount, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post‑notice crediting;
 (iiiaa) a compulsory VETSL repayment amount, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post‑notice crediting;
 (iiia) a compulsory SSL repayment amount, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post‑notice crediting;
 (iiib) a compulsory ABSTUDY SSL repayment amount, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post‑notice crediting;
 (iiic) a compulsory AASL repayment amount, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post‑notice crediting;
 (iv) an FS assessment debt, worked out by reference to the person's taxable income of the year of income, payable by the person immediately before the post‑notice crediting;
 (iva) a liability under section 282‑18 of the Private Health Insurance Act 2007, payable by the person immediately before the post‑notice crediting;
 (v) interest for the year of income payable by the person under section 102AAM of the Tax Act immediately before the post‑notice crediting;
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 8F at the rate specified in section 8I.