Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 293.65

  (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.