Taxation Administration Act 1997

If a refund is made to a person to whom section 31(b) applies – the person must – within 90 days after receiving the refund, reimburse each other person for the amount charged to or recovered from that person; and notify the Commissioner in writing within 7 days after the end of that period that all amounts charged or recovered have been reimbursed; or if the amount is not reimbursed within that period, the person, within 7 days after the end of that period, is to – notify the Commissioner in writing of any amount not reimbursed; and pay any amount to the Commissioner, together with interest at a rate not exceeding 20% per annum as the Commissioner specifies from the date the refund was made to the date of payment. Fine not exceeding 50 penalty units.

An amount payable under subsection (1)(b)(ii) is a debt due to the Crown.

This section prevails over sections 29 and 30.