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-B - Commutation authorities  

Guide to Subdivision 136-B

SECTION 136-50   WHAT THIS SUBDIVISION IS ABOUT  


The Commissioner must issue a commutation authority to a superannuation income stream provider, unless you have notified the Commissioner that you have already reduced your excess transfer balance by the crystallised reduction amount.

A superannuation income stream provider will usually be required to commute the superannuation income stream stated in the authority.


TABLE OF SECTIONS
TABLE OF SECTIONS
Obligations of Commissioner
136-55 Issuing of commutation authorities
136-60 Varying and revoking a commutation authority
136-65 Issuing further commutation authorities
136-70 Notifying of non-commutable excess transfer balance
Obligations of superannuation income stream providers
136-80 Obligations on superannuation income stream providers
136-85 Notifying the Commissioner
136-90 Notifying you


 

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