S 140S repealed by No 15 of 2007, s 3 and Sch 1 item 6, applicable to the 2007-2008 income year and later years. S 140S formerly read:
SECTION 140S REVISION OF FINAL DETERMINATIONS
140S(1)
Commutation of pension or annuity.
If:
(a)
the Commissioner has made a final determination in relation to the commencement of payment to a person of a superannuation pension or an annuity; and
(b)
the person elects to commute the whole or a part of the pension or annuity within 6 months after the commencement day of the pension or annuity;
the Commissioner must, within 60 days after receiving notice of the commutation, revise the determination so that it takes the ETP arising from the commutation into account.
140S(2)
(Omitted by No 7 of 1993)
History
S 140S(2) omitted by No 7 of 1993.
140S(3)
Correction of errors etc.
The Commissioner may, at any time, revise a final determination by making any alteration that the Commissioner thinks necessary in order to:
(a)
correct any error made by the Commissioner in making the determination; or
(b)
take into account any further material or information that has become available since the determination was made.
140S(4)
Revised determination taken to be a final determination.
For the purposes of this Division, if a final determination is revised under this section, it is taken, as so revised, to be a final determination.
140S(5)
Limitation on revised determination.
A final determination as revised under this section must not be a determination that the Commissioner is not empowered to make under subsection
140R(1)
.
140S(6)
Revision deemed to be amendment for objection purposes.
A revision of a final determination is taken to be an amendment of the final determination for the purposes of section
14ZV
of the
Taxation Administration Act 1953
.
S 140S inserted by No 208 of 1992.
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