S 140S repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 140S formerly read:
SECTION 140S REVISION OF FINAL DETERMINATIONS
Commutation of pension or annuity.
the Commissioner has made a final determination in relation to the commencement of payment to a person of a superannuation pension or an annuity; and
the person elects to commute the whole or a part of the pension or annuity within 6 months after the commencement day of the pension or annuity;
the Commissioner must, within 60 days after receiving notice of the commutation, revise the determination so that it takes the ETP arising from the commutation into account.
(Omitted by No 7 of 1993)
Correction of errors etc.
S 140S(2) omitted by No 7 of 1993.
The Commissioner may, at any time, revise a final determination by making any alteration that the Commissioner thinks necessary in order to:
correct any error made by the Commissioner in making the determination; or
take into account any further material or information that has become available since the determination was made.
Revised determination taken to be a final determination.
For the purposes of this Division, if a final determination is revised under this section, it is taken, as so revised, to be a final determination.
Limitation on revised determination.
A final determination as revised under this section must not be a determination that the Commissioner is not empowered to make under subsection
Revision deemed to be amendment for objection purposes.
A revision of a final determination is taken to be an amendment of the final determination for the purposes of section
Taxation Administration Act 1953
S 140S inserted by No 208 of 1992.