Superannuation Contributions Tax (Assessment and Collection) Act 1997

PART 2 - LIABILITY TO SURCHARGE AND ADVANCE INSTALMENTS  

SECTION 11  

11   ADVANCE INSTALMENT OF SUPERANNUATION CONTRIBUTIONS SURCHARGE  

If superannuation contributions surcharge is payable for a member for a financial year under an assessment made before 23 March 1999, an advance instalment of one-half of the amount of the surcharge is payable on account of surcharge payable for the member for the following financial year.

Note:

In certain circumstances an advance instalment is not payable (see subsections 12(2) and (3) ).