When the general interest charge applies
8AAB When the general interest charge applies
There are certain provisions of this Act and other Acts that make persons liable to pay the general interest charge. Subsection (4) lists the provisions.
A person is only liable to pay the charge on an amount if a provision specifies that the person is liable to pay the charge on the amount.
The charge does not apply to the Commonwealth or an authority of the Commonwealth.
The following table is an index of the laws that deal with liability to the charge.
Liability to general interest charge | |||
|---|---|---|---|
Item | Column 1 Section | Column 2 Act | Column 3 Topic |
1 | 162‑100 | A New Tax System (Goods and Services Tax) Act 1999 | payment of GST instalments |
2 | 168‑10 | A New Tax System (Goods and Services Tax) Act 1999 | supplies later found to be GST‑free supplies |
3 | 25‑10 | A New Tax System (Wine Equalisation Tax) Act 1999 | purchases later found to be GST free supplies |
3A | 175‑65 | Australian Charities and Not‑for‑profits Commission Act 2012 | payment of administrative penalty |
3B | 67 | Excise Act 1901 | payment of excise duty for tobacco goods |
5 | 93 | Fringe Benefits Tax Assessment Act 1986 | payment of fringe benefits tax |
6 | 112B | Fringe Benefits Tax Assessment Act 1986 | payment of fringe benefits tax instalments |
7 | 102UP | Income Tax Assessment Act 1936 | payment of trustee beneficiary non‑disclosure tax |
8 | 128C | Income Tax Assessment Act 1936 | payment of withholding tax |
9 | former section | Income Tax Assessment Act 1936 | returns by instalment taxpayers |
10 | former section 163B | Income Tax Assessment Act 1936 | returns by persons other than instalment taxpayers |
10A | 172A | Income Tax Assessment Act 1936 | repayments of excessive tax offset refunds or shortfall interest charge |
11 | 271‑80 in Schedule 2F | Income Tax Assessment Act 1936 | payment of family trust distribution tax |
12 | 5‑15 | Income Tax Assessment Act 1997 | unpaid income tax or shortfall interest charge |
12A | 44‑50 | Income Tax Assessment Act 1997 | payment of assessed build to rent development misuse tax |
13 | 197‑75 | Income Tax Assessment Act 1997 | payment of untainting tax |
14 | 214‑155 | Income Tax Assessment Act 1997 | payment of franking tax by a corporate tax entity |
15 | 292‑390 | Income Tax Assessment Act 1997 | payment of excess non‑concessional contributions tax or shortfall interest charge |
15A | 293‑75 | Income Tax Assessment Act 1997 | payment of Division 293 tax or shortfall interest charge |
15B | 294‑250 | Income Tax Assessment Act 1997 | payment of excess transfer balance tax |
16 | 296‑215 | Income Tax Assessment Act 1997 | payment of Division 296 tax or shortfall interest charge |
16A | 418‑170 | Income Tax Assessment Act 1997 | payment of excess exploration credit tax or shortfall interest charge |
17 | 721‑30 | Income Tax Assessment Act 1997 | liability of members of consolidated groups |
18 | 840‑810 | Income Tax Assessment Act 1997 | payment of managed investment trust withholding tax |
18A | 840‑910 | Income Tax Assessment Act 1997 | payment of labour mobility program withholding tax |
19 | 214‑105 | Income Tax (Transitional Provisions) Act 1997 | payment of franking deficit tax |
19A | 10 | Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Act 2020 | wrong payment or overpayment of a cash flow boost |
19B | 10 | Coronavirus Economic Response Package (Payments and Benefits) Act 2020 | wrong payment or overpayment of a Coronavirus economic response payment |
20 | 85 | Petroleum Resource Rent Tax Assessment Act 1987 | payment of petroleum resource rent tax, shortfall interest charge or instalment transfer interest charge |
20A | 282‑19 | Private Health Insurance Act 2007 | repayment of private health insurance premium reduction or refund |
21 | 35 | Product Grants and Benefits Administration Act 2000 | payment of a designated scheme debt |
22 | 21 | Superannuation Contributions Tax (Assessment and Collection) Act 1997 | increase in liability to pay superannuation contributions surcharge because of amendment of assessment |
23 | 22 | Superannuation Contributions Tax (Assessment and Collection) Act 1997 | liability to pay superannuation contributions surcharge because of new assessment |
24 | 25 | Superannuation Contributions Tax (Assessment and Collection) Act 1997 | payment of superannuation contributions surcharge or advance instalment |
25 | 18 | Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 | increase in liability to pay superannuation contributions surcharge because of amendment of assessment |
26 | 21 | Superannuation Contributions Tax (Members of Constitutionally Protected Superannuation Funds) Assessment and Collection Act 1997 | payment of superannuation contributions surcharge |
27 | 25 | Superannuation (Government Co‑contribution for Low Income Earners) Act 2003 | repayments or underpayments of Government co‑contributions that cannot be credited to an account |
27A | 115Q | Paid Parental Leave Act 2010 | repayments of PPL superannuation contributions or underpaid amounts that cannot be credited to an account |
28 | 49 | Superannuation Guarantee (Administration) Act 1992 | payment of superannuation guarantee charge |
29 | 15DC | Superannuation (Self Managed Superannuation Funds) Taxation Act 1987 | payment of superannuation (self managed superannuation funds) supervisory levy |
30 | 17A | Superannuation (Unclaimed Money and Lost Members) Act 1999 | payment of unclaimed money |
31 | 18C | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment that cannot be credited to an account |
32 | 20F | Superannuation (Unclaimed Money and Lost Members) Act 1999 | payment of unclaimed superannuation of former temporary residents |
33 | 20M | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment for former temporary resident that cannot be credited to an account |
33A | 20QE | Superannuation (Unclaimed Money and Lost Members) Act 1999 | payment in respect of inactive low‑balance accounts |
33B | 20QL | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment in respect of inactive low‑balance accounts that cannot be credited to an account |
33C | 21D | Superannuation (Unclaimed Money and Lost Members) Act 1999 | payment in respect of eligible rollover fund accounts |
33D | 21H | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment in respect of eligible rollover fund accounts that cannot be credited to an account |
33E | 22F | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment in respect of payments that cannot be credited to an account |
34 | 24F | Superannuation (Unclaimed Money and Lost Members) Act 1999 | payment in respect of lost member accounts |
35 | 24L | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment for former lost member that cannot be credited to an account |
35A | 24NB | Superannuation (Unclaimed Money and Lost Members) Act 1999 | repayment of Commissioner’s payment for inactive low‑balance accounts that cannot be credited to an active account |
36 | 8AAZF | Taxation Administration Act 1953 | RBA deficit debts |
37 | 8AAZN | Taxation Administration Act 1953 | overpayments made by the Commissioner |
38 | 16‑80 in Schedule 1 | Taxation Administration Act 1953 | payment of PAYG withholding amounts |
38A | 18‑150 in Schedule 1 | Taxation Administration Act 1953 | PAYG withholding non‑compliance tax |
39 | 45‑80 in Schedule 1 | Taxation Administration Act 1953 | payment of PAYG instalments |
40 | 45‑230 in Schedule 1 | Taxation Administration Act 1953 | shortfall in quarterly PAYG instalments worked out on the basis of a varied rate |
41 | 45‑232 in Schedule 1 | Taxation Administration Act 1953 | shortfall in quarterly PAYG instalments worked out on the basis of estimated benchmark tax |
42 | 45‑235 in Schedule 1 | Taxation Administration Act 1953 | shortfall in annual PAYG instalments |
43 | 45‑600 and 45‑620 in Schedule 1 | Taxation Administration Act 1953 | tax benefits relating to PAYG instalments |
44 | 45‑870 and 45‑875 in Schedule 1 | Taxation Administration Act 1953 | head company’s liability on shortfall in quarterly PAYG instalments |
45 | 105‑80 in Schedule 1 | Taxation Administration Act 1953 | payment of a net fuel amount or an amount of indirect tax |
45A | 115‑10 in Schedule 1 | Taxation Administration Act 1953 | payment of major bank levy |
45B | 125‑10 in Schedule 1 | Taxation Administration Act 1953 | payment of Laminaria and Corallina decommissioning levy or shortfall interest charge |
45BA | 127‑70 in Schedule 1 | Taxation Administration Act 1953 | payment of Australian IIR/UTPR tax or shortfall interest charge |
45BB | 127‑70 in Schedule 1 | Taxation Administration Act 1953 | payment of Australian DMT tax or shortfall interest charge |
45BC | 129‑10 in Schedule 1 | Taxation Administration Act 1953 | payment of news media bargaining charge or shortfall interest charge |
45C | 133‑115 in Schedule 1 | Taxation Administration Act 1953 | payment of debt account discharge liability |
45D | 134‑115 in Schedule 1 | Taxation Administration Act 1953 | payment of Division 296 debt account discharge liability |
46 | 263‑30 in Schedule 1 | Taxation Administration Act 1953 | payment of a foreign revenue claim |
47 | 268‑75 in Schedule 1 | Taxation Administration Act 1953 | late payment of estimate |
48 | 298‑25 in Schedule 1 | Taxation Administration Act 1953 | payment of administrative penalty |
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