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 .