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EH 22: Income when refund given on death, and election to allocate amount to later year or years
or “Trustee can move deceased's income equalisation refund to later years”
You could also call this:

“What happens to your income equalisation account if you go bankrupt”

If you have a main income equalisation account and you go bankrupt, the Commissioner will give all the money in your account to the Official Assignee. The Official Assignee is the person in charge of your property when you’re bankrupt. It doesn’t matter how long the money has been in your account. The Commissioner will give it all to the Official Assignee on the day your deposit ends. However, Section EH 28 can change this rule.

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Next up: EH 24: Income when refund given on bankruptcy

or “Refunds received before bankruptcy are taxable income”
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Part E Timing and quantifying rules
Income equalisation schemes: Refunds: on application

EH 23Refund on bankruptcy

  1. This section applies when a person—

  2. has a main income equalisation account; and
    1. is bankrupt.

      1. The Commissioner must refund to the Official Assignee having charge of the person’s estate the amount that, on the date the deposit ends, is in the person’s main income equalisation account, regardless of the length of time it has been in the account. Section EH 28 overrides this subsection.

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