South Australian Consolidated Acts South Australian Consolidated Acts25—Interest in respect of tax defaults
(1) If a tax default
occurs, the taxpayer is liable to pay interest on the amount of tax unpaid
calculated on a daily basis from the end of the last day for payment until the
day it is paid at the interest rate from time to time applying under this
Division.
(2) Interest is
payable under subsection (1) in respect of a tax default that consists of
a failure to pay penalty tax under Division 2 but is not payable in respect of
any failure to pay interest under this Division.