136-90
CurrentNotifying you
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-BCommutation authorities
136-90 Notifying you
(1)
A *superannuation income stream provider issued with a commutation authority under this Subdivision must notify you if the superannuation income stream provider:
(a)
pays a *superannuation lump sum in accordance with the commutation authority; or
(b)
chooses under subsection 136‑80(2) not to comply with the commutation authority.
(2)
A notice under this section must be in the *approved form and must be given within 60 days after the commutation authority is issued.
Note:
Section 286‑75 provides an administrative penalty for breach of this subsection.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.