22Payment of general interest charge if surcharge payable under a further assessment

#### 22 Payment of general interest charge if surcharge payable under a further assessment If, under an assessment (the new assessment) made under subsection 15(1) because of subsection 20(3), a person is liable to pay an amount of surcharge for a financial year, the person is liable to pay the general interest charge on that amount for each day in the period that: (a) started at the beginning of 15 June in the financial year; and (b) finishes at the end of the day before the new assessment is made. > Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.