Commonwealth Consolidated Acts

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

    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.