TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-20 - SUPERANNUATION  

Division 131 - Releasing money from superannuation  

Subdivision 131-A - Releasing money from superannuation  

Complying with a release authority

SECTION 131-50   NOTIFYING COMMISSIONER  

131-50(1)  
A *superannuation provider issued with a release authority under section 131-15 must notify the Commissioner of a payment made in accordance with this Subdivision.

131-50(2)  
A *superannuation provider that:


(a) has been issued with a release authority under section 131-15 ; and


(b) is not required to pay an amount under section 131-35 , or is required under that section to pay an amount less than the amount stated in the release authority;

must notify the Commissioner that the provider is not required to comply with the release authority.

131-50(3)  
A notice under this section must be given in the *approved form within the period applying under subsection 131-35(1) or 131-40(1) for the release authority.

Note:

Subsection 286-75(1) provides for an administrative penalty for failing to comply with this section.




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