S 83 repealed by No 128 of 1999, s 3 and Sch 1 item 16, effective 13 October 1999. S 83 formerly read:
PAYMENT OF UNCLAIMED MONEY TO COMMISSIONER OF TAXATION
83(1)
The RSA provider must, when the statement is given, pay to the Commissioner of Taxation the amount worked out using the following formula:
Amount of unclaimed
money specified in
statement
|
− |
Unclaimed money
paid by provider
|
where:
amount of unclaimed money specified in statement
means the amount specified in the statement provided in accordance with subsection
82(1)
.
unclaimed money paid by provider
means any amounts specified in the statement in accordance with subsection
82(2)
.
83(2)
Payment where money later claimed.
If:
(a)
any unclaimed money has been paid to the Commissioner of Taxation under this section; and
(b)
the Commissioner of Taxation is satisfied on application made by a person in the approved form that, if this section had not been enacted, that person would have been paid that unclaimed money by the RSA provider by whom it was paid to the Commissioner of Taxation;
the Commissioner of Taxation must pay that unclaimed money to that person.
83(3)
Refund of excess payments.
If an RSA provider, after paying an amount to the Commissioner of Taxation under this section, satisfies the Commissioner of Taxation that the amount so paid exceeds the amount that would have been paid to the person concerned, the Commissioner of Taxation must refund to the RSA provider the amount of the excess.
83(4)
Discharge of RSA provider from liability.
The RSA provider is, upon payment to the Commissioner of Taxation of an amount as required by this section, discharged from further liability in respect of that amount.
83(5)
83(5)
Appropriation of Consolidated Revenue Fund.
The Consolidated Revenue Fund is appropriated for the purposes of this section.
83(5)
RSA provider not to contravene section.
An RSA provider must not intentionally or recklessly contravene this section.
Penalty: 100 penalty units.
For transitional and saving provisions, see the history note to s 3(1).
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