Document ID: chunk:federal_register_of_legislation:C2013A00082:clause:3_2:p4
Version: federal_register_of_legislation:C2013A00082
Segment Type: clause
Provision Reference: sch 3 cl 2 (pt 4/8)
Character Range: 38663–41555

tax liability being tracked in the account has been finally discharged as mentioned in subsection 133‑105(3).

Remission of interest—deferral reversal
 (2) The Commissioner may remit the whole or any part of an amount of interest debited, or to be debited, from a debt account under subsection (1) if:
 (a) the debt account is credited:
 (i) under section 133‑70 because of a *deferral reversal; or
 (ii) because a determination under section 133‑10 is varied or revoked; and
 (b) the Commissioner is satisfied that, because of that credit, it would be fair and reasonable to do so.

Remission of interest—special circumstances
 (3) The Commissioner may remit the whole or any part of an amount of interest debited, or to be debited, to a debt account under subsection (1) if the Commissioner is satisfied that, because special circumstances exist, it would be fair and reasonable to do so.

133‑70  Voluntary payments
 (1) You may make payments to the Commissioner for the purpose of reducing the amount by which a debt account for a *superannuation interest is in debit.
 (2) The Commissioner is to:
 (a) acknowledge receipt of the payment to you; and
 (b) credit the payment to the debt account; and
 (c) notify you of the revised balance of the debt account.
The credit mentioned in paragraph (b) is to be made when the payment is received.
 (3) The amount of a *deferral reversal for the *superannuation interest is to be treated as if it were a voluntary payment under this section in relation to the debt account for that interest. However, paragraphs (2)(a) and (c) do not apply in relation to that amount.

133‑75  Commissioner must notify superannuation provider of debt account
  If the Commissioner starts to keep a debt account for *Division 293 tax for you for a *superannuation interest, the Commissioner must give the *superannuation provider in relation to the superannuation interest a notice saying so.

Subdivision 133‑C—Compulsory payment

Guide to Subdivision 133‑C

133‑100  What this Subdivision is about

      The deferred tax liability must be paid when a superannuation benefit becomes payable from the superannuation interest.
      In some cases, the amount that must be paid is capped.

Table of sections

Debt account discharge liability
133‑105 Liability to pay debt account discharge liability
133‑110 When debt account discharge liability must be paid
133‑115 General interest charge
133‑120 Meaning of debt account discharge liability
133‑125 Notice of debt account discharge liability

End benefit
133‑130 Meaning of end benefit
133‑135 End benefit notice—individual
133‑140 End benefit notice—superannuation provider
133‑145 End benefit notice—material changes or omissions

Debt account discharge liability

133‑105  Liability to pay debt account discharge liability
 (1) You are liable to pay the amount of your *debt account discharge liability for a