(a) a reference to a tax
default is to be read as a reference to a failure to pay the whole or part of
money payable under this Act,
(b) a reference to a taxpayer is to be read as
a reference to an enterprise or a public sector superannuation provider,
(c)
a reference to a taxation law is to be read as a reference to this Act,
(d) a
reference to a tax is to be read as a reference to money payable to the Chief
Commissioner under this Act,
(e) a reference to a person's tax liability is
to be read as a reference to the liability of an enterprise or a public sector
superannuation provider to pay unclaimed money or unclaimed superannuation
benefits under this Act.
(2) Nothing in this section entitles a public sector
superannuation provider to deduct the amount of any interest or penalty tax
payable by virtue of the operation of subsection (1) from the amount of a
superannuation benefit payable to any person or as part of the administrative,
management or other costs of the scheme.
(3) Nothing in this section entitles
an enterprise to deduct the amount of any interest or penalty tax payable by
virtue of the operation of subsection (1) from the amount of any unclaimed
money payable to any person.
(4) For the purposes of this section, the
"excluded provisions" are the following provisions of the Taxation
Administration Act 1996 --
