TAXATION ADMINISTRATION ACT 1953 - SECT 8AAB When the general interest charge applies
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 | payment of GST instalments | |||||
2 | 168 - 10 | supplies later found to be GST - free supplies | |||||
3 | 25 - 10 | 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 | payment of excise duty for tobacco goods | |||||
5 | 93 | payment of fringe benefits tax | |||||
6 | 112B | payment of fringe benefits tax instalments | |||||
7 | 102UP | payment of trustee beneficiary non - disclosure tax | |||||
8 | 128C | payment of withholding tax | |||||
9 | former section | returns by instalment taxpayers | |||||
10 | former section 163B | returns by persons other than instalment taxpayers | |||||
10A | 172A | repayments of excessive tax offset refunds | |||||
11 | 271 - 80 in Schedule 2F | payment of family trust distribution tax | |||||
12 | 5 - 15 | unpaid income tax or shortfall interest charge | |||||
13 | 197 - 75 | payment of untainting tax | |||||
14 | 214 - 155 | payment of franking tax by a corporate tax entity | |||||
15 | 292 - 390 | payment of excess non - concessional contributions tax or shortfall interest charge | |||||
15A | 293 - 75 | payment of Division 293 tax or shortfall interest charge | |||||
15B | 294 - 250 | payment of excess transfer balance tax | |||||
16A | 418 - 170 | payment of excess exploration credit tax or shortfall interest charge | |||||
17 | 721 - 30 | liability of members of consolidated groups | |||||
18 | 840 - 810 | payment of managed investment trust withholding tax | |||||
18A | 840 - 910 | payment of labour mobility program withholding tax | |||||
19 | 214 - 105 | 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 | payment of petroleum resource rent tax, shortfall interest charge or instalment transfer interest charge | |||||
20A | 282 - 19 | repayment of private health insurance premium reduction or refund | |||||
21 | 35 | 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 | increase in liability to pay superannuation contributions surcharge because of amendment of assessment | |||||
26 | 21 | 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 | ||||
28 | 49 | 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 | payment of unclaimed money | |||||
31 | 18C | repayment of Commissioner's payment that cannot be credited to an account | |||||
32 | 20F | payment of unclaimed superannuation of former temporary residents | |||||
33 | 20M | repayment of Commissioner's payment for former temporary resident that cannot be credited to an account | |||||
33A | 20QE | payment in respect of inactive low - balance accounts | |||||
33B | 20QL | repayment of Commissioner's payment in respect of inactive low - balance accounts that cannot be credited to an account | |||||
33C | 21D | payment in respect of eligible rollover fund accounts | |||||
33D | 21H | repayment of Commissioner's payment in respect of eligible rollover fund accounts that cannot be credited to an account | |||||
33E | 22F | repayment of Commissioner's payment in respect of payments that cannot be credited to an account | |||||
34 | 24F | payment in respect of lost member accounts | |||||
35 | 24L | repayment of Commissioner's payment for former lost member that cannot be credited to an account | |||||
35A | 24NB | repayment of Commissioner's payment for inactive low - balance accounts that cannot be credited to an active account | |||||
36 | 8AAZF | ||||||
37 | 8AAZN | overpayments made by the Commissioner | |||||
38 | 16 - 80 in Schedule 1 | payment of PAYG withholding amounts | |||||
38A | 18 - 150 in Schedule 1 | PAYG withholding non - compliance tax | |||||
39 | 45 - 80 in Schedule 1 | payment of PAYG instalments | |||||
40 | 45 - 230 in Schedule 1 | shortfall in quarterly PAYG instalments worked out on the basis of a varied rate | |||||
41 | 45 - 232 in Schedule 1 | shortfall in quarterly PAYG instalments worked out on the basis of estimated benchmark tax | |||||
42 | 45 - span>235 in Schedule 1 | shortfall in annual PAYG instalments | |||||
43 | 45 - 600 and 45 - 620 in Schedule 1 | tax benefits relating to PAYG instalments | |||||
44 | 45 - 870 and 45 - 875 in Schedule 1 | head company's liability on shortfall in quarterly PAYG instalments | |||||
45 | 105 - 80 in Schedule 1 | payment of a net fuel amount or an amount of indirect tax | |||||
45A | 115 - 10 in Schedule 1 | payment of major bank levy | |||||
45B | 125 - 10 in Schedule 1 | payment of Laminaria and Corallina decommissioning levy or shortfall interest charge | |||||
45C | 133 - 115 in Schedule 1 | payment of debt account discharge liability | |||||
46 | 263 - 30 in Schedule 1 | payment of a foreign revenue claim | |||||
47 | 268 - 75 in Schedule 1 | late payment of estimate | |||||
48 | 298 - 25 in Schedule 1 | payment of administrative penalty | |||||