12ABEntitlement to interest for RBA surpluses after request for remission

#### 12AB Entitlement to interest for RBA surpluses after request for remission If: (a) the Commissioner has allocated a BAS amount or petroleum resource rent tax amount to an RBA of an entity; and (b) the entity requests the Commissioner to remit a penalty of which the entity has been notified by the Commissioner; and (c) as a result of the Commissioner remitting the penalty, the Commissioner is required, under subsection 8AAZLF(1) of the Taxation Administration Act 1953, 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.