Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1984No. 123, 1984 - SECT 127

127. Section 221F of the Principal Act is amended by omitting sub-sections
(10), (10A), (11) and (12) and substituting the following sub-sections:

"(10) Where the Commissioner makes a credit or payment as mentioned in
sub-section (9), the Commissioner shall, as soon as practicable after the
credit or payment is made, serve on the group employer, by post or otherwise,
a notice in writing specifying the amount payable by the group employer to the
Commissioner under that sub-section.

"(11) An amount payable by a group employer under sub-section (9) shall be
paid to the Commissioner not later than the day specified in the notice under
sub-section (10) in relation to the amount as the day on which the amount is
due and payable.

"(12) Where an amount (in this sub-section referred to as the 'principal
amount') payable to the Commissioner by a group employer other than the
Commonwealth by virtue of paragraph (5) (a) (including that paragraph as
varied under sub-section (7)) or under sub-section (9), remains unpaid after
the time by which it is required to be paid-

   (a)  the principal amount continues to be payable by the group employer to
        the Commissioner; and

   (b)  the group employer is liable to pay to the Commissioner, by way of
        penalty-

        (i)    in a case where the group employer is a government body-an
               amount at the rate of 20% per annum on so much of the principal
               amount as remains unpaid, computed from that time; and

        (ii)   in any other case-

                (A)  an amount (in this sub-paragraph referred to as the
                     'relevant penalty amount') equal to 20% of the principal
                     amount; and

                (B)  an amount at the rate of 20% per annum on the sum of so
                     much of the principal amount as remains unpaid and so
                     much of the relevant penalty amount as remains unpaid,
                     computed from that time.".