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Budget Savings (Omnibus) Act 2016
78FGuidelines on interest charge provisions
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#### 78F Guidelines on interest charge provisions
The Minister may, by legislative instrument, determine guidelines relating to the operation of the provisions of this Division dealing with interest charge.
4 Subsection 82(3) (paragraph (a) of the definition of debt)
Omit “78”, substitute “78B”.
5 After subsection 91(1A)
Insert:
(1B) If a payment is required to be made under an arrangement entered into under subsection (1) or (1A) before the end of a particular day, the payment must be made before the end of that day.
Paid Parental Leave Act 2010
6 Section 6
Repeal the following definitions:
(a) definition of date of the further debt notice;
(b) definition of date of the initial debt notice;
(c) definition of final debt payment day;
(d) definition of further debt notice.
7 Section 6
Insert:
> interest charge rate: see section 177.
8 Section 6 (definition of interest exemption determination)
Repeal the definition.
9 Section 6 (definition of penalty interest rate)
Repeal the definition.
10 Section 164
Omit “An administrative charge of $50 is also payable if interest is charged.”.
11 Section 165 (paragraph (a) of the note)
Omit “section 177”, substitute “section 176”.
12 Section 165 (paragraph (b) of the note)
Repeal the paragraph.
13 Section 173 (heading)
Repeal the heading, substitute: