General Interest Charge Rate definition

General Interest Charge Rate means the general interest charge rate determined under section 8AAD of the Taxation Administration Act 1953 on the day payment is due, expressed as a decimal rate per day.

General Interest Charge Rate. “ means the general interest charge rate determined under section 8AAD of the Tax Administration Act 1953 on the day payment is due, expressed as a decimal rate per day;

General Interest Charge Rate means the general interest charge rate determined under section 8AAD of the Taxation Administration Act 1953 (Cth) on the day payment is due, expressed as a decimal rate per day; and the day that payment is made is the day when the Principal's system generates a payment request into the banking system for payment to the Contractor.

Examples of General Interest Charge Rate in a sentence

• Ithas been stated that in August 2003 based on the investigation carried out by the team headed by then SE (Civil), it was noticed that most of the RCC columns of all the structures have deteriorated beyond repairs.

• In the case of damages - the Australian Taxation Office-sourced General Interest Charge Rate current at the due date for payment or such other rate nominated in writing from time to time by the MCC Contract Administrator; or 2.

• Interest payable under this clause will be simple interest calculated in respect of each calendar day from the day after the amount was due and payable, up to and including the day that ACIAR effects payment, calculated using the General Interest Charge Rate available on the Australian Taxation Office website as it applies on the day the amount was due and payable expressed as a daily rate.

• In the case of damages - the Australian Taxation Office-sourced General Interest Charge Rate current at the due date for payment or such other rate nominated in writing from time to time by the PDS Contractor; or 2.

• Interest payable under paragraph (b)(i)B: will be simple interest calculated in respect of each day from the day after the amount was due and payable, up to and including the day that the Contractor effects payment; and will be paid at the Australian Taxation Office-sourced General Interest Charge Rate current at the due date for payment.

• In the case of damages - the General Interest Charge Rate determined under section 8AAD of the Taxation Administration Act 1953 (Cth) current at the due date for payment or such other rate nominated in writing from time to time by the Contract Administrator; or 2.

• Interest payable under subsubparagraph B.: will be simple interest calculated in respect of each day from the day after the amount was due and payable, up to and including the day that the Consultant effects payment; and will be paid at the Australian Taxation Office-sourced General Interest Charge Rate current at the due date for payment.

• Interest payable under paragraph B.: will be simple interest calculated in respect of each day from the day after the amount was due and payable, up to and including the day that the Contractor effects payment; and will be paid at the Australian Taxation Office-sourced General Interest Charge Rate current at the due date for payment.

• UA x GIC x D Where: SI = simple interest amount; UA = the unpaid amount; GIC = General Interest Charge Rate daily rate; and D = the number of days from the day after payment was due up to and including the day that payment is made.

• For brownfield developments, the peak run-off rate/volume from the development to any drain, sewer or surface water body for the 1-in-1-year and 1-in-100-year rainfall event must not exceed the greenfield run-off rate for the same event.

More Definitions of General Interest Charge Rate

General Interest Charge Rate means the general interest charge rate determined under section 8AAD of the Tax Administration Act 1953 on the day payment is due, expressed as a decimal rate per day; Intellectual Property means all intellectual property rights, whether or not such rights are registered or capable of being registered, including the following: (a) patents and inventions, plant varieties, copyright, rights in circuit layouts, designs, trade marks (including goodwill in those marks), trade secrets and knowhow, and domain names; (b) any application or right to apply for registration of any of the rights referred to in paragraph (a); and (c) all rights of a similar nature to any of the rights in paragraphs (a) and (b) which may subsist in Australia or elsewhere; Letter of Agreement SRA means the letter forwarded by ACIAR to the Commissioned Agent offering to enter into an agreement with the Commissioned Agent to perform the Services on the terms set out in the SRA Agreement; Material means any subject matter including documents, equipment, software, goods, information or data stored by any means; Minister means the Commonwealth Government Minister responsible for ACIAR; Moral Rights means the right of attribution of authorship, the right not to have authorship falsely attributed and the right of integrity of authorship granted to authors under the Copyright Xxx 0000 (Cth); Month means a calendar month; Net Monies Received means all monies received by the Commissioned Agent net of any expenses that are properly paid on an arms-length basis by the Commissioned Agent in exploiting the SRA IP; Parties means ACIAR and the Commissioned Agent;

General Interest Charge Rate means the general interest charge rate determined under section 8AAD of the

General Interest Charge Rate. (GICR) means the interest charge determined under section 8AAD of the Taxation Administration Act 1953 on the day that payment is due. Details of the GICR are available from the Australian Taxation Office website;

General Interest Charge Rate means the general interest charge rate determined under section 8AAD of the Taxation Administration Act 1953 (Cth) on the day payment is due, expressed as a decimal rate per day; and 'Small Business' means an enterprise that employs less than the full time equivalent of 20 persons on the day that the Head Agreement or a Contract is entered into. If the enterprise is an associated entity as defined in section 50AAA of the Corporations Act, this test is applied to the group of associated entities as a whole. Clauses 8.2 to 8.4 only apply where: the Contractor is a Small Business; the value of this Head Agreement or a Contract is not more than A$1 million (GST inclusive); and the amount of the interest payable exceeds A$10. Finance, or the Customer as relevant, will pay interest on late payments to the Contractor as follows: for payments made by Finance, or the Customer as relevant, 30 days and up to 60 days after the amount became due and payable, only where the Contractor issues a correctly rendered invoice for the interest; or for payments made by Finance, or the Customer as relevant, more than 60 days after the amount became due and payable, Finance, or the Customer as relevant, will pay the interest accrued together with the payment. Interest payable under clause 8.3 will be simple interest on the unpaid amount at the General Interest Charge Rate, calculated in respect of each day from the day after the amount was due and payable, up to and including the day that Finance, or the Customer as relevant, effects payment as represented by the following formula: SI = UA x GIC x D Where: SI = simple interest amount; UA = the unpaid amount; GIC = General Interest Charge Rate daily rate; and D = the number of days from the day after payment was due up to and including the day that payment is made. In clauses 8.1 to 8.4, 'General Interest Charge Rate' means the general interest charge rate determined under section 8AAD of the Taxation Administration Act 1953 on the day payment is due, expressed as a decimal rate per day.

General Interest Charge Rate means the general interest charge rate determined under section 8AAD of the Taxation Administration Act 1953 (Cth) on the day payment is due, expressed as a decimal rate per day; and 'The day that payment is made' is the day when the Customer's system generates a payment request into the banking system for payment to the Contractor. For the purposes of clauses 23.2 and 23.3, an invoice is correctly rendered if: it is correctly addressed and calculated in accordance with this Contract; it relates only to Services that have been delivered to the Customer in accordance with this Contract; and it is a valid tax invoice in accordance with A New Tax System (Goods and Services Tax) Act 1999 (Cth). If an invoice is found to have been rendered incorrectly after payment, any underpayment or overpayment will be recoverable by or from the Contractor, as the case may be, and, without limiting recourse to other available means, may be offset against any amount subsequently due by the Customer to the Contractor under this Contract.

General Interest Charge Rate means the interest charge determined under section 8AAD of the Taxation Administration Act 1953 on the day that payment is due. Details of the General Interest Charge rate are available from the Australian Taxation Office website; and the day that payment is made is the day that the High Court's system generates a payment request into the banking system for payment to the Supplier.