Taxation Administration Act 1953
Note: See section 3AA .Chapter 3 - Collection, recovery and administration of other taxes
(a) a * superannuation provider has been given a release authority in accordance with Subdivision 135-B ; and
(b) the amount mentioned in section 135-85 (the release amount ) is greater than nil;
the superannuation provider must pay the release amount within 30 days after receiving the release authority.Who superannuation provider pays the amount to 135-75(2)
The release amount must be paid to the Commissioner. 135-75(3)
(Repealed by No 81 of 2016)
Section 288-95 provides for an administrative penalty for failing to comply with this section.
For reporting obligations on the superannuation provider in these circumstances, see section 390-65 in this Schedule.
The payment must be made out of one or more * superannuation interests (other than a * defined benefit interest) held by the * superannuation provider for the individual.