New Zealand Legislation: Acts

120I No right to object to interest

• (1) A taxpayer may not object to or challenge the imposition of interest payable under this Part.

  (2) Subsection (1) does not limit a taxpayer's right to object to or challenge the taxpayer's liability to pay tax.

  Part 7 (comprising sections 120 to 124) was substituted by a new Part 7 (comprising sections 120A to 120U) by section 36(1) Tax Administration Amendment Act (No 2) 1996 (1996 No 56). See section 2(1) of that Act as to the application of that Act with respect to tax obligations, liabilities, and rights as from 1 April 1997. See section 36(2) of that Act as to the continued application of the original Part 7. See also section 2(3) of that Act as to the application of the amendment in relation to other provisions of this Act.