Taxation Administration Act 1953
Note: See section 3AA .Chapter 3 - Collection, recovery and administration of other taxes
You are liable to pay the amount of your * debt account discharge liability for a * superannuation interest if the * end benefit for the interest becomes payable. 133-105(2)
The liability arises:
(a) unless paragraph (b) applies - at the time the * end benefit becomes payable; or
(b) if the end benefit is a * superannuation death benefit - just before you die.
For paragraph (a), a release authority allows money to be released from the superannuation plan to pay this amount: see subsection 135-10(1) .
For paragraph (b), the debt will be recovered from your estate: see Subdivision 260-E .133-105(3)
Payment of your * debt account discharge liability for a * superannuation interest discharges your liability for so much of your total * assessed Division 293 tax for all income years as is * deferred to a debt account for the superannuation interest.