12AAEntitlement to interest for RBA surpluses after notification of BAS amount or petroleum resource rent tax amount

#### 12AA Entitlement to interest for RBA surpluses after notification of BAS amount or petroleum resource rent tax amount If: (a) the Commissioner has allocated a BAS amount or petroleum resource rent tax amount to an RBA of an entity; and (b) section 12AB does not apply (that section is about remission of penalties); and (c) under subsection 8AAZLF(1) of the Taxation Administration Act 1953, the Commissioner is required to refund to the entity the whole or part of an RBA surplus for that RBA; and (d) the refund takes place after the RBA interest day; then interest is payable by the Commissioner to the entity on the amount refunded. > Note: Section 12AF defines BAS amount, petroleum resource rent tax amount, RBA surplus and RBA interest day.