Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
If the * end benefit becomes payable from a * superannuation interest for which the Commissioner keeps a debt account, the * superannuation provider in relation to the interest must give the Commissioner a notice stating:
(a) unless subsection (1A) applies - the amount of the end benefit cap mentioned in subsection 133-120(2) for the superannuation interest; and
(b) the expected date of payment of the benefit.
The notice does not need to state the amount of the end benefit cap if:
(a) the *superannuation provider has already given the Commissioner notice of the end benefit cap under subsection 133-120(2) ; or
(b) before the end of the period mentioned in subsection (2), the Commissioner has advised the superannuation provider under subsection 133-135(2) that the debt account is not in debit.
The notice must be given within 14 days after the earlier of:
(a) the * superannuation provider receiving a request (if any) to pay the * superannuation benefit; and
(b) the superannuation benefit becoming payable. 133-140(3)
However, this section does not apply if the * superannuation provider has not been given a notice under section 133-75 saying that the Commissioner has started to keep a debt account for the * superannuation interest. 133-140(4)
A notice under this section must be given in the * approved form.
Note: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxes
PART 3-20
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SUPERANNUATION
Division 133
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Division 293 tax
Subdivision 133-C
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Compulsory payment
End benefit
SECTION 133-140
END BENEFIT NOTICE
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SUPERANNUATION PROVIDER
133-140(1)
If the * end benefit becomes payable from a * superannuation interest for which the Commissioner keeps a debt account, the * superannuation provider in relation to the interest must give the Commissioner a notice stating:
(a) unless subsection (1A) applies - the amount of the end benefit cap mentioned in subsection 133-120(2) for the superannuation interest; and
(b) the expected date of payment of the benefit.
Note:
If a person is dissatisfied with a notice given to the Commissioner under this subsection, the person may make a complaint under the AFCA scheme (within the meaning of Chapter 7 of the Corporations Act 2001 ).
133-140(1A)
The notice does not need to state the amount of the end benefit cap if:
(a) the *superannuation provider has already given the Commissioner notice of the end benefit cap under subsection 133-120(2) ; or
(b) before the end of the period mentioned in subsection (2), the Commissioner has advised the superannuation provider under subsection 133-135(2) that the debt account is not in debit.
133-140(2)
The notice must be given within 14 days after the earlier of:
(a) the * superannuation provider receiving a request (if any) to pay the * superannuation benefit; and
(b) the superannuation benefit becoming payable. 133-140(3)
However, this section does not apply if the * superannuation provider has not been given a notice under section 133-75 saying that the Commissioner has started to keep a debt account for the * superannuation interest. 133-140(4)
A notice under this section must be given in the * approved form.
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