Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p77
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 77/80)
Character Range: 4538142–4540900

Division 133 in that Schedule.
Note 3: For release of money from a superannuation plan to pay these amounts, see Division 135 in that Schedule.

293‑70  When tax is payable—amended assessments
 (1) If the Commissioner amends your assessment, any extra *assessed Division 293 tax resulting from the amendment is due and payable 21 days after the day the Commissioner gives you notice of the amended assessment.

Exception for tax deferred to a debt account
 (2) However, subsection (1) does not apply to an amount of extra *assessed Division 293 tax that is *deferred to a debt account for a *superannuation interest.
Note 1: For deferred to a debt account, see Division 133 in Schedule 1 to the Taxation Administration Act 1953.
Note 2: For release of money from a superannuation plan to pay these amounts, see Division 131 in that Schedule.

293‑75  General interest charge
  If an amount of *assessed Division 293 tax or *shortfall interest charge on assessed Division 293 tax that you are liable to pay remains unpaid after the time by which it is due to be paid, you are liable to pay the *general interest charge on the unpaid amount for each day in the period that:
 (a) begins on the day on which the amount was due to be paid; and
 (b) ends on the last day on which, at the end of the day, any of the following remains unpaid:
 (i) the assessed Division 293 tax or the shortfall interest charge;
 (ii) general interest charge on any of the assessed Division 293 tax or the shortfall interest charge.
Note 1: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953.
Note 2: Shortfall interest charge is worked out under Division 280 in Schedule 1 to that Act.
Note 3: See section 5‑10 of this Act for when the amount of shortfall interest charge becomes due and payable.

Subdivision 293‑D—Modifications for defined benefit interests

Guide to Subdivision 293‑D

293‑100  What this Subdivision is about
      This Subdivision modifies the meaning of low tax contributions for individuals who have a defined benefit interest or interests in a financial year.

Table of sections

Operative provisions
293‑105 Low tax contributions—modification for defined benefit interests
293‑115 Defined benefit contributions

Operative provisions

293‑105  Low tax contributions—modification for defined benefit interests
  Despite section 293‑25, if you have a *defined benefit interest or interests in a *financial year, the amount of your low tax contributions for the financial year is worked out as follows:

      Method statement
           Step 1. Start with the low tax contributed amounts covered by section 293‑30 for the *financial year, to the extent to which they do not relate to the *defined benefit interest