TAXATION ADMINISTRATION ACT 1953
Note: See section 3AA .Chapter 3 - Collection, recovery and administration of other taxes
If the condition mentioned in column 1 of an item in the following table is satisfied:
(a) the Commissioner must issue you with a release authority under that item; and
(b) you have a release entitlement :
(i) equal to the amount mentioned in column 2 of that item; and
(ii) arising at the time mentioned in column 3 of that item.
Amount of the release entitlement:
Time at which the release entitlement arises:
|1 - 2||(Repealed by No 81 of 2016)|
|3||You become liable to pay your * debt account discharge liability for a * superannuation interest||The amount of your debt account discharge liability||On the giving of the notice under section 133-125|
A release authority issued under item 3 of the table can only be given to the superannuation provider that holds the superannuation interest to which the debt account relates: see subsection 135-40(3) .
A release authority must:
(a) state the amount of the * release entitlement in respect of which it is given; and
(b) be dated; and
(c) contain any other information that the Commissioner considers relevant. Commissioner may issue a further release authority 135-10(3)
The Commissioner may at any time issue you with a further release authority in respect of a * release entitlement if:
(a) the Commissioner is satisfied that it is reasonable in the circumstances to do so; and
(b) the Commissioner has issued you with an earlier release authority in respect of that release entitlement.
Despite paragraph (2)(a), the further release authority must state the amount the Commissioner considers reasonable in the circumstances, but not exceeding the amount of the release entitlement.
For variation and revocation of release authorities, see subsection 33(3) of the Acts Interpretation Act 1901 .Release authority not to be issued to trustee of deceased estate 135-10(4)
To avoid doubt, this section does not require or permit the Commissioner to issue a release authority to the trustee of a deceased estate.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.