176
CurrentOther rules for interest charge
Chapter 4Compliance and enforcement
Part 4-3Debt recovery
Division 4Debt notices and interest on debts
176 Other rules for interest charge
When interest charge is due and payable
(1)
The interest charge under section 174 or 175 for a day is due and payable to the Commonwealth at the end of that day.
Interest charge is a debt
(2)
The interest charge under section 174 or 175 for a day is a debt due to the Commonwealth by the person.
Provisions that do not apply to interest charge debt
(3)
Subsection 173(1) does not apply in relation to the debt referred to in subsection (2) of this section.
This Act’s bill:Explanatory memorandumSecond reading speech
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