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-B
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Division 296 debt account
Operative provisions
SECTION 134-60 DIVISION 296 DEBT ACCOUNT TO BE KEPT FOR DEFERRED DIVISION 296 TAX
Accounts to be kept
134-60(1)
The Commissioner is to keep a debt account (a Division 296 debt account ) for * Division 296 tax for you for a * superannuation interest, if an amount of your * assessed Division 296 tax is * deferred to a Division 296 debt account for the superannuation interest.
Account to be debited for Division 296 tax
134-60(2)
The Commissioner must debit the * Division 296 debt account for the amount of * assessed Division 296 tax that is * deferred to a Division 296 debt account for the * superannuation interest.
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 134-60 DIVISION 296 DEBT ACCOUNT TO BE KEPT FOR DEFERRED DIVISION 296 TAX
Accounts to be kept
134-60(1)
The Commissioner is to keep a debt account (a Division 296 debt account ) for * Division 296 tax for you for a * superannuation interest, if an amount of your * assessed Division 296 tax is * deferred to a Division 296 debt account for the superannuation interest.
Account to be debited for Division 296 tax
134-60(2)
The Commissioner must debit the * Division 296 debt account for the amount of * assessed Division 296 tax that is * deferred to a Division 296 debt account for the * superannuation interest.
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