1.1.P.85 Payment shortfall
Definition
A 'payment shortfall' is the difference between
- the amount that is paid that is less than the correct amount of the PPLSC that should have been paid, and the total amount that has already been paid in the form of a PPLSC for the person for the income year before the underpayment determination has been made.
Act reference: PPLAct 115N Interest amount if underpaid amount due to administrative error, 115K Underpayment determinations