50Refund of overpaid amounts

50 Refund of overpaid amounts

(1) If, because an assessment is amended, a person’s liability to renewable energy shortfall charge is reduced: (a) the amount by which the charge is reduced is taken, for the purposes of section 70, never to have been payable; and (b) the Regulator must: (i) refund any overpaid amount; or (ii) apply any overpaid amount against the person’s liability (if any) to the Commonwealth and refund any part of the amount that is not so applied. (2) In subsection (1):

overpaid amount includes any overpaid amount of penalty charge or interest charge.