Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A lump sum (the release authority lump sum ) may be paid at a time in compliance with a release authority issued to a person under item 3 of the table in subsection 135 - 10(1) in Schedule 1 to the Taxation Administration Act 1953 and given to the Secretary of the Finance Department in accordance with Subdivision 135 - B in that Schedule if, at that time, either:
(a) the person's surcharge debt account is not in debit; or
(b) subsection (2) applies.
Note: The purpose of the release authority is to allow a lump sum to be paid to the Commissioner to meet a debt the person has under Subdivision 133 - C in Schedule 1 to the Taxation Administration Act 1953 .
Surcharge election must be made or forgone
(2) This subsection applies if any of the following are satisfied:
(a) the person has made an election under subsection 18A(1) (which deals with the adjustment of benefits to take account of the surcharge deduction amount);
(b) the person has not made an election under that subsection and the period within which such an election may be made has expired;
(c) the person gives the Secretary of the Finance Department written notice that the person forgoes making an election under that subsection.
Appropriation
(3) Payment of a release authority lump sum must be made out of the Consolidated Revenue Fund, which is appropriated accordingly.