Commonwealth Numbered Acts Commonwealth Numbered Acts(1) If:
(a) a person is liable under subsection 43(1) or 47(1) to repay an amount; and
(b) the whole or a part of the amount remains unpaid after the time by which the amount is due to be paid;
the person is liable to pay general interest charge on the unpaid amount.
(2) If:
(a) the Commissioner gives a person a notice under item 2 or 3 of the table in subsection 50(3); and
(b) an amount that the person must pay under the notice remains unpaid after the time by which it is due to be paid;
the person is liable to pay general interest charge on the unpaid amount.
(3) A person who is liable under this section to pay general interest charge on an unpaid amount is liable to pay the charge for each day in the period that:
(a) started at the beginning of the day by which the unpaid amount was due to be paid; and
(b) finishes at the end of the last day at the end of which any of the following remains unpaid:
(i) the unpaid amount;
(ii) general interest charge on any of the unpaid amount.
(4) For the purposes of this section:
(a) an amount that a person becomes liable under subsection 43(1) or 47(1) to repay is due to be paid 7 days after the day on which the person first becomes liable to repay the amount; and
(b) an amount payable under a notice given under item 2 or 3 of the table in subsection 50(3) is due to be paid 28 days after the day on which the notice is given.