TASIn ForceAct
Taxation Administration Act 1997
34Interest in respect of tax defaults
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### 34 Interest in respect of tax defaults
> > (1) If a tax default occurs, the taxpayer is liable to pay interest on the amount of tax unpaid calculated on a daily basis from the end of the last day for payment until the day it is paid at the interest rate.
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> > (2) Interest is payable in respect of a tax default that consists of a failure to pay penalty tax.
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> > (3) Interest is not payable in respect of a tax default that consists of a failure to pay interest.