Taxation Administration Act 1953
View history note
Hide history noteThe Commissioner may allocate a primary tax debt to an RBA that has been established for that type of tax debt.
Note:
General interest charge on an RBA deficit debt is not allocated to the RBA: it accrues automatically under section 8AAZF .
If 2 or more RBAs for an entity have been established for that kind of tax debt, the Commissioner may allocate the debt to any one of those RBAs, or between any 2 or more of those RBAs, in the manner the Commissioner determines.
Note:
Separate RBAs may be established for different businesses or undertakings conducted by the same entity, for different parts of the same business or undertaking or for different periods: see subsection 8AAZC(5) .
In this section:
primary tax debt
does not include:
(a) general interest charge; or
(b) an RBA deficit debt.
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