Document ID: chunk:federal_register_of_legislation:C2013A00118:clause:1_63
Version: federal_register_of_legislation:C2013A00118
Segment Type: clause
Provision Reference: sch 1 cl 63
Character Range: 57061–57709

63  Section 292‑405
Repeal the section, substitute:

292‑405  Release authority
 (1) As soon as practicable after making an *excess non‑concessional contributions tax assessment for a person, the Commissioner must give the person a release authority in respect of the amount of *excess non‑concessional contributions tax the person is liable to pay in accordance with the assessment.
 (2) A release authority must:
 (a) state the amount of *excess non‑concessional contributions tax that the person is liable to pay as a result of the assessment; and
 (b) be dated; and
 (c) contain any other information that the Commissioner considers relevant.