The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.P.75 Payment date

Definition

The 'payment date' is related to either the payment of a PPLSC or the payment of an underpaid amount. In either case, the relevant date is worked out in accordance with the PPL Rules which are yet to commence. This page will be updated when the amended rules commence.

The ATO must pay a payable PPLSC on or before the relevant payment date.

If the ATO does not pay an underpaid amount by the relevant payment date, then the amount payable will be increased by a daily interest rate until it is paid in full.

Act reference: PPLAct section 6-'payment date', section 115H Payment of PPL superannuation contribution, section 115M Interest amount if underpaid amount paid late in certain circumstances

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