Petroleum Resource Rent Tax (Interest on Underpayments) Act 1987

No. 144 of 1987

An Act to impose an interest charge in respect of underpayments of certain amounts payable under the Petroleum Resource Rent Tax Assessment Act 1987

Contents

1  Short title

2  Commencement

3  Imposition of interest charge

Petroleum Resource Rent Tax (Interest on Underpayments) Act 1987

No. 144 of 1987

An Act to impose an interest charge in respect of underpayments of certain amounts payable under the Petroleum Resource Rent Tax Assessment Act 1987

[Assented to 18 December 1987]

The Parliament of Australia enacts:

1  Short title

  This Act may be cited as the Petroleum Resource Rent Tax (Interest on Underpayments) Act 1987.

2  Commencement

  This Act shall come into operation on the day on which the Petroleum Resource Rent Tax Assessment Act 1987 comes into operation.

3  Imposition of interest charge

  Interest that is payable in accordance with section 65 of the Petroleum Resource Rent Tax Assessment Act 1987 is imposed by this Act.