34
In forceTax default if deferred windfall gains tax or rolled over windfall gains tax, and accrued interest, not paid on time
Part 4Deferral of windfall gains tax
Division 2Deferral of payment
34 Tax default if deferred windfall gains tax or rolled over windfall gains tax, and accrued interest, not paid on time
A tax default occurs for the purposes of the Taxation Administration Act 1997 if a person does not pay—
(a)
any windfall gains tax deferred under section 31, and any accrued interest, when due for payment under section 32(1); or
(b)
any rolled over windfall gains tax, and any accrued interest, when due for payment under section 32(2); or
(c)
the windfall gains tax that has not been deferred under section 31 by the day specified in the notice of assessment of windfall gains tax.
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