Document ID: chunk:federal_register_of_legislation:C2013A00082:clause:3_1:p3
Version: federal_register_of_legislation:C2013A00082
Segment Type: clause
Provision Reference: sch 3 cl 1 (pt 3/6)
Character Range: 14685–17422

292‑467 (about refunded excess concessional contributions) in working out, for the purposes of section 293‑25, the amount of your *excess concessional contributions for a *financial year.
Note: Disregarding a section 292‑467 determination stops refunded excess concessional contributions from being taxed under this Division.

Subdivision 293‑C—When tax is payable

Guide to Subdivision 293‑C

293‑60  What this Subdivision is about
      This Subdivision has rules about payment of Division 293 tax.

Table of sections

Operative provisions
293‑65 When tax is payable—original assessments
293‑70 When tax is payable—amended assessments
293‑75 General interest charge

Operative provisions

293‑65  When tax is payable—original assessments
 (1) Your *assessed Division 293 tax for an income year is due and payable at the end of 21 days after the Commissioner gives you notice of the assessment of the amount of the *Division 293 tax.

Exception for tax deferred to a debt account
 (2) However, subsection (1) does not apply to an amount of *assessed Division 293 tax that is *deferred to a debt account for a *superannuation interest.
Note 1: For assessments of Division 293 tax, see Division 155 in Schedule 1 to the Taxation Administration Act 1953.
Note 2: For deferred to a debt account, see 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 135 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