Australian Capital Territory
Taxation Administration (Amounts Payable - Interest) Determination 2015 (No 1)*
Disallowable instrument DI2015-3
made under the  
Taxation Administration Act 1999, s 139 (Determination of amounts payable under tax laws)

1	Name of instrument
This instrument is the Taxation Administration (Amounts Payable- Interest) Determination 2015 (No 1).
2	Commencement 
This instrument is taken to have commenced on 26 October 2007.
3	Determination of interest rate on a duty deferral arrangement.
For the Duties Act 1999, section 75AD (2), interest is charged at the market rate component as defined in the Taxation Administration Act 1999, section 26 (2).
4	Determination of method for calculation of interest on a duty deferral arrangement.
		Interest on an amount payable under a duty deferral arrangement is calculated – 
(a)	for each day when the amount remains unpaid; and
(b)	at the interest rate applying to each day; and
(c)	on the total amount of duty deferred that remains unpaid on each day. 
5	Revocation 
This instrument revokes DI2007-247.

Andrew Barr MLA
Treasurer
24 December 2014