Commonwealth Numbered Acts

TAX BONUS FOR WORKING AUSTRALIANS ACT (NO. 2) 2009 (NO. 5, 2009) - SECT 9

             (1)  If:

                     (a)  a person is liable under subsection 8(2) 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)  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.

[ Minister's second reading speech made in--

House of Representatives on 12 February 2009

Senate on 13 February 2009 ]