27
In forceNo interest imposed if amount would be small
Part 5Interest and penalty tax
Division 5.1Interest
27 No interest imposed if amount would be small
(1)
No interest is payable under a tax law if the amount that would otherwise be payable is less than $20.
(2)
This section does not apply to the following tax laws:
(a)
the Land Rent Act 2008;
(b)
the Land Tax Act 2004;
(c)
the Rates Act 2004.
This Act’s bill:Explanatory statementSecond reading speech
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