SUPERANNUATION (GOVERNMENT CO-CONTRIBUTION FOR LOW INCOME EARNERS) ACT 2003

PART 2A - LOW INCOME SUPERANNUATION TAX OFFSET  

SECTION 12F   CONSEQUENCES IF ESTIMATES NO LONGER ACCURATE  

12F(1)  
Treat a low income superannuation tax offset as never having been payable under subsection 12C(2) in respect of a person for an income year if:


(a) the Commissioner obtains information after making the determination under section 13 that the tax offset was so payable; and


(b) the Commissioner decides that, had the Commissioner obtained that information before making the determination, the Commissioner would not have made the determination.

Note:

The tax offset will be recoverable under section 24 .

12F(2)  
The Commissioner must give the person written notice of the Commissioner ' s decision under paragraph (1)(b).




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