Taxation Administration Act 1953
Note: See section 3AA .Chapter 3 - Collection, recovery and administration of other taxes
If a *superannuation provider pays an amount in relation to a release authority issued under section 131-15 in relation to you, you are entitled to a credit equal to that amount.
Division 3 of Part IIB provides for the treatment of credits that you are entitled to under a taxation law.131-65(2)
The credit arises on the day the Commissioner receives the amount. Exception for voluntary payments of Division 293 tax debt account 131-65(3)
However, if the amount paid in relation to the release authority relates to an amount of *assessed Division 293 tax that is *deferred to a debt account for a *superannuation interest:
(a) subsection (1) does not apply in relation to the payment; and
(b) treat the payment as if it were a voluntary payment under section 133-70 in relation to that debt account.