Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-20 - SUPERANNUATION  

Division 136 - Transfer balance cap  

Subdivision 136-A - Excess transfer balance determinations  

Operative provisions

SECTION 136-25   NOTIFYING COMMISSIONER OF TRANSFER BALANCE DEBITS  

136-25(1)    
This section applies to you if you have received an *excess transfer balance determination.

136-25(2)    
You may notify the Commissioner in the *approved form of the amount of a *transfer balance debit that arises in your *transfer balance account if the debit arises in the period:


(a) beginning when the determination is made; and


(b) ending at the earlier of:


(i) the time you made an election under section 136-20 ; and

(ii) the end of the period within which an election under section 136-20 may be made.


 

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