56
CurrentUnpaid tax interest unaffected by extensions of time
Part 5Interest and penalty tax
Division 1Interest payable to commissioner and penalty tax
Subdivision 1Interest
56 Unpaid tax interest unaffected by extensions of time
(1)
The making of a payment arrangement must be disregarded for determining late payment interest accruing under section 54.
(2)
Any extension of time allowed by the commissioner for complying with an information or lodgement requirement must be disregarded in determining the start date under section 54(4).
This Act’s bill:Explanatory memorandum
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