Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 3-20
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SUPERANNUATION
Division 134
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Division 296 tax
Subdivision 134-C
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Compulsory payment
Division 296 debt account discharge liability
SECTION 134-125 NOTICE OF DIVISION 296 DEBT ACCOUNT DISCHARGE LIABILITY 134-125(1)
The Commissioner must give you a notice under this section if the * Division 296 end benefit becomes payable from a * superannuation interest for which the Commissioner keeps a * Division 296 debt account.
134-125(2)
The notice must state that you are liable to pay your * Division 296 debt account discharge liability for the * superannuation interest and specify: (a) the amount of that debt; and (b) the day on which that debt is due and payable.
134-125(3)
If you are dissatisfied with a notice given under this section in relation to you, you may object against it in the manner set out in Part IVC of this Act.
134-125(4)
However, you cannot object against a notice stating that the amount you are liable to pay is the amount by which the * Division 296 debt account is in debit.
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 134-125 NOTICE OF DIVISION 296 DEBT ACCOUNT DISCHARGE LIABILITY 134-125(1)
The Commissioner must give you a notice under this section if the * Division 296 end benefit becomes payable from a * superannuation interest for which the Commissioner keeps a * Division 296 debt account.
134-125(2)
The notice must state that you are liable to pay your * Division 296 debt account discharge liability for the * superannuation interest and specify: (a) the amount of that debt; and (b) the day on which that debt is due and payable.
134-125(3)
If you are dissatisfied with a notice given under this section in relation to you, you may object against it in the manner set out in Part IVC of this Act.
134-125(4)
However, you cannot object against a notice stating that the amount you are liable to pay is the amount by which the * Division 296 debt account is in debit.
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