Document ID: chunk:federal_register_of_legislation:C2010C00715:clause:2_8aazlh
Version: federal_register_of_legislation:C2010C00715
Segment Type: clause
Provision Reference: sch 2 cl 8AAZLH
Character Range: 212459–213287

8AAZLH  How refunds are made

 (1) This section applies to refunds payable to an entity of RBA surpluses, or excess non‑RBA credits that relate to an RBA, if primary tax debts arising under any of the provisions set out in paragraph 8AAZLG(1)(b) have been allocated to that RBA.

 (2) The Commissioner must pay those refunds to the credit of a financial institution account nominated by the entity.

 (3) However, the Commissioner may direct that any such refunds be paid to the entity in a different way.

 (4) If an entity has not nominated a financial institution account for the purposes of this section and the Commissioner has not directed that any such refunds be paid in a different way, the Commissioner is not obliged to refund any amount to the entity until the entity does so.

Division 2—Consequential amendments