Taxation Administration Act 1953

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

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

Obligations of Commissioner