12F

12F Consequences if estimates no longer accurate

(1) Treat a low income superannuation tax offset as never having been payable under subsection 12C(2) in respect of a person for an income year if: (a) the Commissioner obtains information after making the determination under section 13 that the tax offset was so payable; and (b) the Commissioner decides that, had the Commissioner obtained that information before making the determination, the Commissioner would not have made the determination.

Note: The tax offset will be recoverable under section 24.

(2) The Commissioner must give the person written notice of the Commissioner’s decision under paragraph (1)(b).