Taxation Administration Act 1953
Note: See section 3AA .Chapter 3 - Collection, recovery and administration of other taxes
The Commissioner must issue a commutation authority to a superannuation income stream provider, unless you have notified the Commissioner that you have already reduced your excess transfer balance by the crystallised reduction amount.
A superannuation income stream provider will usually be required to commute the superannuation income stream stated in the authority.
|Obligations of Commissioner|
|136-55||Issuing of commutation authorities|
|136-60||Varying and revoking a commutation authority|
|136-65||Issuing further commutation authorities|
|136-70||Notifying of non-commutable excess transfer balance|
|Obligations of superannuation income stream providers|
|136-80||Obligations on superannuation income stream providers|
|136-85||Notifying the Commissioner|