Commonwealth Consolidated Acts

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Allocation of tax debts to RBAs

             (1)  The Commissioner may allocate a primary tax debt to an RBA that has been established for that type of tax debt.

Note:          General interest charge on an RBA deficit debt is not allocated to the RBA: it accrues automatically under section 8AAZF.

Separate RBAs for one entity

          (1A)  If 2 or more RBAs for an entity have been established for that kind of tax debt, the Commissioner may allocate the debt to any one of those RBAs, or between any 2 or more of those RBAs, in the manner the Commissioner determines.

Note:          Separate RBAs may be established for different businesses or undertakings conducted by the same entity, for different parts of the same business or undertaking or for different periods: see subsection 8AAZC(5).


             (2)  In this section:

"primary tax debt" does not include:

                     (a)  general interest charge; or

                     (b)  an RBA deficit debt.

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