Commonwealth Consolidated Acts

SUPERANNUATION CONTRIBUTIONS TAX (ASSESSMENT AND COLLECTION) ACT 1997 - SECT 22

    If, under an assessment (the new assessment ) made under subsection   15(1) because of subsection   20(3), a person is liable to pay an amount of surcharge for a financial year, the person is liable to pay the general interest charge on that amount for each day in the period that:

  (a)   started at the beginning of 15   June in the financial year; and

  (b)   finishes at the end of the day before the new assessment is made.

Note:   The general interest charge is worked out under Part   IIA of the Taxation Administration Act 1953 .