Taxation Administration Act 1953

You are liable to pay the amount of your *debt account discharge liability for a *superannuation interest if the *end benefit for the interest becomes payable.

The liability arises:

unless paragraph (b) applies—at the time the *end benefit becomes payable; or

if the end benefit is a *superannuation death benefit—just before you die.

For paragraph (a), a release authority allows money to be released from the superannuation plan to pay this amount: see subsection 135‑10(1).

For paragraph (b), the debt will be recovered from your estate: see Subdivision 260‑E.

Payment of your *debt account discharge liability for a *superannuation interest discharges your liability for so much of your total *assessed Division 293 tax for all income years as is *deferred to a debt account for the superannuation interest.