The Qld Office of State Revenue (OSR) has issued Public Ruling TAA060.4.1 (Impact of refund on unpaid tax interest for another outstanding liability). It clarifies how the Qld Commissioner of State Revenue will exercise his discretion to remit unpaid tax interest under s 60 of the Taxation Administration Act 2001 (Qld) on an amount of primary tax payable and unpaid, if the taxpayer has an entitlement to a refund of primary tax as a consequence of a separate revenue law liability. The Ruling took effect on 7 November 2013.
[LTN 220, 13/11/13]