RBL Notices

The RBL unit will issue an RBL Determination to clients that have recently taken an ETP or who have commenced a pension/annuity.

Interim Determinations

If the payer of an ETP or pension/annuity fails to notify the RBL unit of the recipients Tax File Number (TFN), or if there is insufficient information to assess the benefit correctly, the Commissioner will make an Interim determination within 60 days of the notification being received.

If the Interim determination shows an excessive component then the recipient may, within 60 days of receiving a determination from the Commissioner, make an application to have it amended. The Commissioner then has a further 60 days in which to amend the determination.

If an Interim determination shows a non-excessive component then the recipient has up to the end of the following financial year to request an amendment.

Final Determinations

If no application is made within either of the two periods mentioned above then the determination will be deemed to be a Final determination.

Once it is a Final determination, the Commissioner will only consider information that was either not previously available or that the person was unable to provide at the time the ETP was taken or the pension/annuity commenced.