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 139
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Access to perpetrators
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superannuation for victims of child abuse
Subdivision 139-C
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Releasing money following perpetrator contributions release orders
Operative provisions
SECTION 139-140 VOLUNTARY COMPLIANCE WITH A RELEASE AUTHORITY RELATING TO DEFINED BENEFIT INTERESTS 139-140(1)
A * superannuation provider issued with a release authority under section 139-115 may, within 10 * business days after the release authority is issued (or a further period allowed by the Commissioner), pay to the Commissioner the lesser of: (a) the amount stated in the release authority; and (b) the sum of the * maximum available release amounts for each * defined benefit interest held by the superannuation provider in * superannuation plans for the perpetrator.
139-140(2)
For the purposes of paragraph (1)(a) , reduce the amount mentioned in that paragraph by any amount the provider pays under subsection 139-135 in relation to the release authority.
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 139-140 VOLUNTARY COMPLIANCE WITH A RELEASE AUTHORITY RELATING TO DEFINED BENEFIT INTERESTS 139-140(1)
A * superannuation provider issued with a release authority under section 139-115 may, within 10 * business days after the release authority is issued (or a further period allowed by the Commissioner), pay to the Commissioner the lesser of: (a) the amount stated in the release authority; and (b) the sum of the * maximum available release amounts for each * defined benefit interest held by the superannuation provider in * superannuation plans for the perpetrator.
139-140(2)
For the purposes of paragraph (1)(a) , reduce the amount mentioned in that paragraph by any amount the provider pays under subsection 139-135 in relation to the release authority.
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