Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 2/6)
Character Range: 1024747–1027559

that hold *superannuation interests for you.

Issuing if you have an unpaid amount of assessed Division 293 tax that is not deferred to a debt account
 (4) If:
 (a) for an income year, you are given a notice of assessment of an amount of *Division 293 tax that is not *deferred to a debt account for a *superannuation interest; and
 (b) on the 60th day after the day the Commissioner issues that notice, the sum of the following falls short of that amount of tax:
 (i) any payments of that tax for the income year that you have already made;
 (ii) any amounts that have already been released under this Subdivision for that assessment;
the Commissioner may issue a release authority to one or more *superannuation providers that hold superannuation interests for you.

131‑20  Amount to be stated in a release authority
 (1) The amount to be released from one or more *superannuation interests under a release authority issued under section 131‑15 must be:
 (a) for a release authority issued under subsection 131‑15(1)—the amount stated in the request; or
 (b) otherwise—worked out so that the total amount stated for all release authorities for the applicable determination or assessment does not exceed:
 (i) for a release authority issued under subsection 131‑15(2)—the *total release amount stated in the determination referred to in that subsection; or
 (ii) for a release authority issued under subsection 131‑15(3) or (4)—the amount of tax stated in the assessment referred to in that subsection.
 (2) For the purposes of paragraph (1)(b), disregard an amount stated in another release authority to the extent that a notice given under subsection 131‑50(2) states that the amount will not be paid.

131‑25  Contents of a release authority
  Each release authority issued under section 131‑15 must:
 (a) be issued to a single *superannuation provider; and
 (b) state the amount to be released from each *superannuation interest under the release authority; and
 (c) be dated; and
 (d) contain any other information that the Commissioner considers relevant.

131‑30  Varying or revoking a release authority

Release authority not relating to an FHSS determination
 (1) The Commissioner may decide to vary or revoke a release authority issued:
 (a) under section 131‑15; and
 (b) in relation to a determination, or assessment, mentioned in paragraph 131‑5(1)(a), (b) or (c) and given to you;
at any time before the Commissioner is given a notice under section 131‑50 relating to the release authority.

Release authority relating to an FHSS determination
 (2) For a release authority issued under section 131‑15 in relation to a *first home super saver determination given to you, the Commissioner may decide to:
 (a) vary the release authority if:
 (i) the varied release authority would be consistent with