Western Australian Current Acts Western Australian Current Acts (1) This section
applies if a reassessment is made, and an amount is to be refunded or credited
to a taxpayer under section 54(1)(a) or (2), as a result of —
(a) an
objection under the Valuation of Land Act 1978 section 32 being allowed,
wholly or in part; or
(b) a
review by the State Administrative Tribunal under the Valuation of Land Act
1978 section 33.
(2) The following
amounts must also be refunded or credited to the taxpayer —
(a) any
amount paid by the taxpayer for the lodging of a memorial under section 76, if
the Commissioner has lodged a withdrawal of the memorial as a result of the
reassessment;
(b)
interest during the reassessment period, calculated at the prescribed rate, on
the amount to be refunded or credited, including any amount referred to in
paragraph (a).
(3) In subsection
(2)(b) —
reassessment period , in relation to the payment
of interest on an amount, means the period —
(a)
beginning on whichever is the later of —
(i)
the date on which the amount to be refunded or credited
to the taxpayer, as a result of the reassessment referred to in subsection
(1), was paid by the taxpayer; or
(ii)
the date on which the assessment of tax to which the
objection or review under the Valuation of Land Act 1978 related was made;
and
(b)
ending on the date, on or after the date the Commissioner made the
reassessment referred to in subsection (1), on which the Commissioner approved
the refunding or crediting of the amount.
[Section 54A inserted: No. 11 of 2019 s. 8.]