Commonwealth Consolidated Acts

A NEW TAX SYSTEM (FAMILY ASSISTANCE) (ADMINISTRATION) ACT 1999 - SECT 79

             (1)  The penalty interest rate is:

                     (a)  20% per year; or

                     (b)  if a lower rate is determined under subsection (2)--that lower rate.

             (2)  The Minister may, by legislative instrument, determine a rate of less than 20% per year that is to be the penalty interest rate.