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 133 - Division 293 tax  

Subdivision 133-B - Debt account  

Operative provisions

SECTION 133-70   VOLUNTARY PAYMENTS  

133-70(1)  
You may make payments to the Commissioner for the purpose of reducing the amount by which a debt account for a * superannuation interest is in debit.

133-70(2)  
The Commissioner is to:


(a) acknowledge receipt of the payment to you; and


(b) credit the payment to the debt account; and


(c) notify you of the revised balance of the debt account.

The credit mentioned in paragraph (b) is to be made when the payment is received.

133-70(3)  
The amount of a * deferral reversal for the * superannuation interest is to be treated as if it were a voluntary payment under this section in relation to the debt account for that interest. However, paragraphs (2)(a) and (c) do not apply in relation to that amount.




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