Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 162.190

Periods for which penalty is payable

                   You are liable to pay the penalty under this Subdivision for each day in the period that:

                     (a)  started at the beginning of the day by which the * GST instalment, for the * GST instalment quarter to which the charge relates, was due to be paid; and

                     (b)  finishes at the end of the day before which you must, under section 162-110, pay to the Commissioner your * assessed net amount for the * instalment tax period that includes that GST instalment quarter.



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