12AFDefinitions

12AF Definitions

In this Part:

BAS amount has the same meaning as in subsection 995‑1(1) of the Tax Act.

petroleum resource rent tax amount has the same meaning as in subsection 995‑1(1) of the Tax Act.

RBA interest day for an RBA surplus means the 14th day after the latest of the following days:

(a) either:
(i) if section 12AA applies—the day on which the surplus arises; or
(ii) if section 12AB or 12AC applies—the day on which the relevant request is made;
(b) if, by the day applicable under paragraph (a), the person has not given the Commissioner a notification that:
(i) is required for the refund under section 8AAZLG or 8AAZLGB (as the case requires) of the Taxation Administration Act 1953; and
(ii) that is accurate so far as it relates to the refund;
the day on which that notification is given to the Commissioner;
(c) unless the Commissioner has given a direction under subsection 8AAZLH(3) of the Taxation Administration Act 1953—the day on which the person nominates a financial institution account for the purposes of that section.

RBA surplus has the same meaning as in section 8AAZA.