TAXATION ADMINISTRATION ACT 1953 - SECT 8AAB When the general interest charge applies

Commonwealth Consolidated Acts

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TAXATION ADMINISTRATION ACT 1953 - SECT 8AAB

When the general interest charge applies

(1) There are certain provisions of this Act and other Acts that make persons liable to pay the general interest charge. Subsection (4) lists the provisions.

(2) A person is only liable to pay the charge on an amount if a provision specifies that the person is liable to pay the charge on the amount.

(3) The charge does not apply to the Commonwealth or an authority of the Commonwealth.

(4) The following table is an index of the laws that deal with liability to the charge.

Liability to general interest charge
Item	Column 1 Section			Column 2 Act	Column 3 Topic
1	162 - 100			A New Tax System (Goods and Services Tax) Act 1999	payment of GST instalments
2	168 - 10			A New Tax System (Goods and Services Tax) Act 1999	supplies later found to be GST - free supplies
3	25 - 10			A New Tax System (Wine Equalisation Tax) Act 1999	purchases later found to be GST free supplies
3A	175 - 65			Australian Charities and Not - for - profits Commission Act 2012	payment of administrative penalty
3B	67			Excise Act 1901	payment of excise duty for tobacco goods
5	93			Fringe Benefits Tax Assessment Act 1986	payment of fringe benefits tax
6	112B			Fringe Benefits Tax Assessment Act 1986	payment of fringe benefits tax instalments
7	102UP			Income Tax Assessment Act 1936	payment of trustee beneficiary non - disclosure tax
8	128C			Income Tax Assessment Act 1936	payment of withholding tax
9	former section 163AA			Income Tax Assessment Act 1936	returns by instalment taxpayers
10	former section 163B			Income Tax Assessment Act 1936	returns by persons other than instalment taxpayers
10A	172A			Income Tax Assessment Act 1936	repayments of excessive tax offset refunds
11	271 - 80 in Schedule 2F			Income Tax Assessment Act 1936	payment of family trust distribution tax
12	5 - 15			Income Tax Assessment Act 1997	unpaid income tax or shortfall interest charge
13	197 - 75			Income Tax Assessment Act 1997	payment of untainting tax
14	214 - 155			Income Tax Assessment Act 1997	payment of franking tax by a corporate tax entity
15	292 - 390			Income Tax Assessment Act 1997	payment of excess non - concessional contributions tax or shortfall interest charge
15A	293 - 75			Income Tax Assessment Act 1997	payment of Division 293 tax or shortfall interest charge
15B	294 - 250			Income Tax Assessment Act 1997	payment of excess transfer balance tax
16A	418 - 170			Income Tax Assessment Act 1997	payment of excess exploration credit tax or shortfall interest charge
17	721 - 30			Income Tax Assessment Act 1997	liability of members of consolidated groups
18	840 - 810			Income Tax Assessment Act 1997	payment of managed investment trust withholding tax
18A	840 - 910			Income Tax Assessment Act 1997	payment of labour mobility program withholding tax
19	214 - 105			Income Tax (Transitional Provisions) Act 1997	payment of franking deficit tax
19A	10			Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020	wrong payment or overpayment of a cash flow boost
19B	10			Coronavirus Economic Response Package (Payments and Benefits) Act 2020	wrong payment or overpayment of a Coronavirus economic response payment
20	85			Petroleum Resource Rent Tax Assessment Act 1987	payment of petroleum resource rent tax, shortfall interest charge or instalment transfer interest charge
20A	282 - 19			Private Health Insurance Act 2007	repayment of private health insurance premium reduction or refund
21	35			Product Grants and Benefits Administration Act 2000	payment of a designated scheme debt
22	21			Superannuation Contributions Tax (Assessment and Collection) Act 1997	increase in liability to pay superannuation contributions surcharge because of amendment of assessment
23	22			Superannuation Contributions Tax (Assessment and Collection) Act 1997	liability to pay superannuation contributions surcharge because of new assessment
24	25			Superannuation Contributions Tax (Assessment and Collection) Act 1997	payment of superannuation contributions surcharge or advance instalment
25	18			Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997	increase in liability to pay superannuation contributions surcharge because of amendment of assessment
26	21			Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997	payment of superannuation contributions surcharge
27	25			Superannuation (Government Co - contribution for Low Income Earners) Act 2003	repayments or underpayments of Government co - contributions that cannot be credited to an account
27A	115Q			Paid Parental Leave Act 2010	repayments of PPL superannuation contributions or underpaid amounts that cannot be credited to an account
28	49			Superannuation Guarantee (Administration) Act 1992	payment of superannuation guarantee charge
29	15DC			Superannuation (Self Managed Superannuation Funds) Taxation Act 1987	payment of superannuation (self managed superannuation funds) supervisory levy
30	17A			Superannuation (Unclaimed Money and Lost Members) Act 1999	payment of unclaimed money
31	18C			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment that cannot be credited to an account
32	20F			Superannuation (Unclaimed Money and Lost Members) Act 1999	payment of unclaimed superannuation of former temporary residents
33	20M			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment for former temporary resident that cannot be credited to an account
33A	20QE			Superannuation (Unclaimed Money and Lost Members) Act 1999	payment in respect of inactive low - balance accounts
33B	20QL			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment in respect of inactive low - balance accounts that cannot be credited to an account
33C	21D			Superannuation (Unclaimed Money and Lost Members) Act 1999	payment in respect of eligible rollover fund accounts
33D	21H			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment in respect of eligible rollover fund accounts that cannot be credited to an account
33E	22F			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment in respect of payments that cannot be credited to an account
34	24F			Superannuation (Unclaimed Money and Lost Members) Act 1999	payment in respect of lost member accounts
35	24L			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment for former lost member that cannot be credited to an account
35A	24NB			Superannuation (Unclaimed Money and Lost Members) Act 1999	repayment of Commissioner's payment for inactive low - balance accounts that cannot be credited to an active account
36	8AAZF			Taxation Administration Act 1953	RBA deficit debts
37	8AAZN			Taxation Administration Act 1953	overpayments made by the Commissioner
38	16 - 80 in Schedule 1			Taxation Administration Act 1953	payment of PAYG withholding amounts
38A	18 - 150 in Schedule 1			Taxation Administration Act 1953	PAYG withholding non - compliance tax
39	45 - 80 in Schedule 1			Taxation Administration Act 1953	payment of PAYG instalments
40	45 - 230 in Schedule 1			Taxation Administration Act 1953	shortfall in quarterly PAYG instalments worked out on the basis of a varied rate
41	45 - 232 in Schedule 1			Taxation Administration Act 1953	shortfall in quarterly PAYG instalments worked out on the basis of estimated benchmark tax
42	45 - 235 in Schedule 1			Taxation Administration Act 1953	shortfall in annual PAYG instalments
43	45 - 600 and 45 - 620 in Schedule 1			Taxation Administration Act 1953	tax benefits relating to PAYG instalments
44	45 - 870 and 45 - 875 in Schedule 1			Taxation Administration Act 1953	head company's liability on shortfall in quarterly PAYG instalments
45	105 - 80 in Schedule 1			Taxation Administration Act 1953	payment of a net fuel amount or an amount of indirect tax
45A	115 - 10 in Schedule 1			Taxation Administration Act 1953	payment of major bank levy
45B		125 - 10 in Schedule 1	Taxation Administration Act 1953			payment of Laminaria and Corallina decommissioning levy or shortfall interest charge
45C	133 - 115 in Schedule 1			Taxation Administration Act 1953	payment of debt account discharge liability
46	263 - 30 in Schedule 1			Taxation Administration Act 1953	payment of a foreign revenue claim
47	268 - 75 in Schedule 1			Taxation Administration Act 1953	late payment of estimate
48	298 - 25 in Schedule 1			Taxation Administration Act 1953	payment of administrative penalty

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