Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
Section 307-125 of the Income Tax Assessment Act 1997 (the proportioning rule) does not apply to a payment made as required or permitted under this Division.
Note: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxes
PART 3-20
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SUPERANNUATION
Division 135
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Releasing money from superannuation
Subdivision 135-C
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Release of superannuation money under a release authority
Operative provisions
SECTION 135-100
135-100
INCOME TAX TREATMENT OF AMOUNTS RELEASED
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PROPORTIONING RULE DOES NOT APPLY
Section 307-125 of the Income Tax Assessment Act 1997 (the proportioning rule) does not apply to a payment made as required or permitted under this Division.
Note:
Further provisions about the income tax treatment of amounts released are in sections 303-20 and 304-20 of that Act.
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