Taxation Administration Act 1953

A *superannuation provider issued with a release authority under section 139‑115 must notify the Commissioner of a payment made in accordance with this Subdivision.

A *superannuation provider that:

has been issued with a release authority under section 139‑115; and

is not required to pay an amount under section 139‑135, or is required under that section to pay an amount less than the amount stated in the release authority;

If a *superannuation provider is not required to pay an amount because of subsection 139‑135(3) or (4), or is not required to pay the whole of the amount because of those subsections, a notice under subsection (2) of this section must also state:

the reason why the provider is not required to pay the amount or is not required to pay the whole of the amount; and

in the case where the provider is not required to pay the amount because of paragraph 139‑135(4)(b)—the date on which the provider expects that it will have completed arrangements to give effect to the payment split.

A notice under this section must:

be given in the *approved form within the period applying under subsection 139‑135(1) or 139‑140(1) for the release authority; and

if the provider is not required to pay the amount or is not required to pay the whole of the amount—state the reason why the provider is not required to pay the amount or is not required to pay the whole of the amount; and

if paragraph 139‑135(4)(b) applies—state the date on which the provider expects that it will have completed arrangements to give effect to the payment split.

Subsection 286‑75(1) provides for an administrative penalty for failing to comply with this section.