South Australian Numbered Acts

STATUTES AMENDMENT AND REPEAL (TAXATION ADMINISTRATION) ACT 2008 (NO 38 OF 2008) - SECT 18

18—Amendment of section 21—Recovery of levy not affected by objection, review or appeal

        (1)         Section 21(1)—delete "Minister" and substitute:

Commissioner

        (2)         Section 21(2)(c)—delete paragraph (c) and substitute:

            (c)         interest accrues on a daily basis on an amount to be refunded under paragraph (a) from the day on which the levy to which the objection, review or appeal relates was assessed as being payable or from the day on which the levy was paid, whichever is the later, until the day the amount is refunded or otherwise applied;

            (d)         interest accrues on an unpaid amount referred to in paragraph (b) from the expiration of 30 days from the day on which notification of the alteration or decision referred to in paragraph (b) was given to the person who initiated the objection, review or appeal until the day the amount is paid;

            (e)         the interest rates that apply under this subsection are—

            (a)         for the purposes of paragraph (c)—the market rate (within the meaning of section 26 of the Taxation Administration Act 1996 ); and

            (b)         for the purposes of paragraph (d)—the interest rate applying for the time being under section 17J.