Commonwealth Numbered Acts

TAXATION (INTEREST ON OVERPAYMENTS) ACT 1983No. 12, 1983 - SECT 12

12. Where-

   (a)  the Commissioner has, in respect of an amount of relevant tax, being
        relevant tax of the kind referred to in paragraph (a) of the
        definition of
''relevant tax'' in sub-section 3 (1), that is payable, or will become
payable, by a person (in this section referred to as the ''applicable
amount''), entered into an agreement or arrangement with the person before the
commencement of the
Income Tax Assessment Amendment Act (No. 6) 1982, or otherwise indicated his
intention to the person before the commencement of that Act, to remit the
whole or a part of any additional tax payable under sub-section 207 (1) of the
Income Tax Assessment Act 1936 in respect of a part of the applicable amount
on condition that another part of the applicable amount is paid by the person
to the Commissioner within a particular period of time;

   (b)  the person, in pursuance of the agreement, arrangement or indication,
        pays a part of the applicable amount to the Commissioner (in this
        section
referred to as the ''amount paid''); and

   (c)  the amount paid is, whether in whole or in part, refunded to the
        person, or applied against any liability of the person to the
        Commonwealth, as a result of a decision to which this Act applies,
        interest is not payable to the person under this Act in respect of the
        amount paid or the part of the amount paid so refunded or applied, as
        the case may be in respect of any period in relation to which the
        agreement, arrangement or indication, as the case may be, applies.