Taxation Administration Act 1953
SCHEDULE 1
-
COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 3-20
-
SUPERANNUATION
Division 134
-
Division 296 tax
Subdivision 134-A
-
Deferral determination
Operative provisions
SECTION 134-10 DETERMINATION OF TAX THAT IS DEFERRED TO A DIVISION 296 DEBT ACCOUNT 134-10(1)
The Commissioner must make a determination specifying the amount the Commissioner has ascertained as being the extent to which your * assessed Division 296 tax for an income year is attributable to a * superannuation interest that is or includes a * defined benefit interest.
134-10(2)
The amount of * assessed Division 296 tax specified in the determination is deferred to a Division 296 debt account for the * superannuation interest.
134-10(3)
However, the Commissioner must not make a determination under this section in relation to a * superannuation interest if, at the time the determination is to be made, the * Division 296 end benefit for the superannuation interest has become payable.
134-10(4)
Subsection (1) does not apply if the Commissioner ascertains that no part of your * assessed Division 296 tax for an income year is * Division 296 tax attributable to a * superannuation interest that is or includes a * defined benefit interest.
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 134-10 DETERMINATION OF TAX THAT IS DEFERRED TO A DIVISION 296 DEBT ACCOUNT 134-10(1)
The Commissioner must make a determination specifying the amount the Commissioner has ascertained as being the extent to which your * assessed Division 296 tax for an income year is attributable to a * superannuation interest that is or includes a * defined benefit interest.
Note 1:
For variation and revocation, see subsection 33(3) of the Acts Interpretation Act 1901 .
Note 2:
For general provisions, including review, see section 134-25 .
134-10(2)
The amount of * assessed Division 296 tax specified in the determination is deferred to a Division 296 debt account for the * superannuation interest.
134-10(3)
However, the Commissioner must not make a determination under this section in relation to a * superannuation interest if, at the time the determination is to be made, the * Division 296 end benefit for the superannuation interest has become payable.
Note:
For Division 296 end benefit , see section 134-130 .
134-10(4)
Subsection (1) does not apply if the Commissioner ascertains that no part of your * assessed Division 296 tax for an income year is * Division 296 tax attributable to a * superannuation interest that is or includes a * defined benefit interest.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.