Document ID: chunk:federal_register_of_legislation:C2025C00180:section:8aaza:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: section
Provision Reference: s 8AAZA (pt 2/2)
Character Range: 98590–100167

a running balance account established under section 8AAZC.
RBA deficit debt, in relation to an RBA of an entity, means a balance in favour of the Commissioner, based on:
 (a) primary tax debts that have been allocated to the RBA and that are currently payable; and
 (b) payments made in respect of current or anticipated primary tax debts of the entity, and credits to which the entity is entitled under a taxation law, that have been allocated to the RBA.
RBA group means a GST group under Division 48 of the A New Tax System (Goods and Services Tax) Act 1999.
RBA statement means a statement prepared by the Commissioner under section 8AAZG.
RBA surplus, in relation to an RBA of an entity, means a balance in favour of the entity, based on:
 (a) primary tax debts that have been allocated to the RBA; and
 (b) payments made in respect of current or anticipated primary tax debts of the entity, and credits to which the entity is entitled under a taxation law, that have been allocated to the RBA.
secondary tax debt means an amount that is not a primary tax debt, but is due to the Commonwealth in connection with a primary tax debt.
Note: An example of a secondary tax debt is an amount due to the Commonwealth under an order of a court made in a proceeding for recovery of a primary tax debt.
tax debt means a primary tax debt or a secondary tax debt.
tax debtor means:
 (a) in relation to a tax debt—the person or persons who are liable for the tax debt; and
 (b) in relation to an RBA—the person or persons who are liable for the tax debts that are allocated to the RBA.