Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-30 - SUPERANNUATION  

Division 293 - Sustaining the superannuation contribution concession  

Subdivision 293-C - When tax is payable  

Operative provisions

SECTION 293-70   When tax is payable - amended assessments  

293-70(1)  
If the Commissioner amends your assessment, any extra * assessed Division 293 tax resulting from the amendment is due and payable 21 days after the day the Commissioner gives you notice of the amended assessment. Exception for tax deferred to a debt account

293-70(2)  
However, subsection (1) does not apply to an amount of extra * assessed Division 293 tax that is * deferred to a debt account for a * superannuation interest.

Note 1:

For deferred to a debt account , see Division 133 in Schedule 1 to the Taxation Administration Act 1953 .

Note 2:

For release of money from a superannuation plan to pay these amounts, see Division 131 in that Schedule.


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