136-25
CurrentNotifying Commissioner of transfer balance debits
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 3Collection, recovery and administration of other taxes
Part 3-20Superannuation
Division 136Transfer balance cap
Subdivision 136-AExcess transfer balance determinations
136-25 Notifying Commissioner of transfer balance debits
(1)
This section applies to you if you have received an *excess transfer balance determination.
(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.
This Act’s bill:Second reading speech
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