Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 293-70 When tax is payable - amended assessments 293-70(1)
If the Commissioner amends your assessment, any extra * assessed Division 293 tax resulting from the amendment is due and payable 21 days after the day the Commissioner gives you notice of the amended assessment.
Exception for tax deferred to a debt account
293-70(2)
However, subsection (1) does not apply to an amount of extra * assessed Division 293 tax that is * deferred to a debt account for a * superannuation interest.
Note 1:
For deferred to a debt account , see Division 133 in Schedule 1 to the Taxation Administration Act 1953 .
Note 2:
For release of money from a superannuation plan to pay these amounts, see Division 131 in that Schedule.
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