Taxation Administration Amendment Regulations (No. 3) 2015 (WA)

4962 GOVERNMENT GAZETTE, WA 11 December 2015

TR302*

Taxation Administration Act 2003

Taxation Administration Amendment

Regulations (No. 3) 2015

Made by the Governor in Executive Council.

1.             Citation

These regulations are the Taxation Administration Amendment
Regulations (No. 3) 2015.

2.             Commencement

These regulations come into operation as follows —

(a)	regulations 1 and 2 — on the day on which these regulations are published in the Gazette;
(b)	the rest of the regulations — on 1 January 2016.

3.             Regulations amended

These regulations amend the Taxation Administration
Regulations 2003.

4.             Regulation 3A inserted

Before regulation 3 insert:

3A.	Rates of interest under compromise assessments (section 20A)
The rate of interest payable under a compromise agreement for the purposes of section 20A(3A) of the Act is —

(a)	if the agreement provides for the payment of interest by the Commissioner — 2.2% per annum;
(b)	if the agreement provides for the payment of interest by a taxpayer — 10.2% per annum.

5.             Regulation 3 amended

In regulation 3 delete “2.6%” and insert:

2.2%

11 December 2015 GOVERNMENT GAZETTE, WA 4963

6.             Regulation 4 amended

In regulation 4 delete “2.6%” and insert:

2.2%

7.             Regulation 5 amended

In regulation 5 delete “10.6%” and insert:

10.2%

8.             Regulation 5B amended

In regulation 5B delete “2.6%” and insert:

2.2%

K. H. ANDREWS, Clerk of the Executive Council.

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