Interest charge and recovery fee 107-05100000

Policy

Social Security Guide, 6.7.1.45, Ten per cent Recovery Fee on Debts from False or Non-declaration of Income from Personal Exertion

Social Security Guide, 6.7.1.40, Penalty Interest Debts

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the ‘Latest’ version.

Social Security Act 1991, section 1228B, Additional 10% penalty for understatement etc of income

For details of the administrative charge, applied prior to 1 July 1994 under legislation that has since been repealed, see Social Security Act 1991 (Historical Compilation Date 02/04/1993), section 1229, Additional amount for late payment of certain debts

Historical references

Note: this link is to a historical version of the Social Security Act 1991, in force before 1 July 2001.

Social Security Act 1991

• section 1229, Interest payable on debt for failure to enter agreement to pay debt
• section 1229A, Interest payable on debt for breach of agreement to pay debt
• section 1229, Additional amount for late payment of certain debts
• section 1229B, Penalty interest rate
• section 1229C, Guidelines on the penalty interest charge scheme