s 12ZNA
In forceCharges and administrative penalties for failing to meet obligations
Part 4AFinancial supplement for tertiary students
Division 6Indebtedness existing after termination date
Subdivision DReturns and assessments
12ZNA Charges and administrative penalties for failing to meet obligations
(1)
Part 4‑25 in Schedule 1 to the Taxation Administration Act 1953 has effect as if:
(a)
any compulsory repayment amount of a person were income tax payable by the person in respect of the income year in respect of which the assessment of that debt was made; and
(b)
this Part were an income tax law.
(2)
Subsection (1) does not have the effect of making a person liable to a penalty for any act or omission that happened before the commencement of this subsection.
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