Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-25 - RECORD-KEEPING AND OTHER OBLIGATIONS RELATING TO TAXPAYERS  

Division 396 - Third party reporting  

Subdivision 396-C - Common Reporting Standard  

Operative provisions

SECTION 396-135   396-135   APPLICATION OF PENALTY TO FALSE OR MISLEADING SELF-CERTIFICATION  
For the purposes of applying Part 4-25 (Charge and penalties) in relation to a statement that is, or that relates to, a self-certification (within the meaning of the *CRS) that a Reporting Financial Institution is required to obtain when applying, under subsection 396-105(3) , the due diligence procedures described in the CRS:


(a) the CRS is treated as permitting the self-certification; and


(b) the CRS is treated as being a *taxation law (but not an *Excise Act).

Note:

You are liable to an administrative penalty under subsection 284-75(4) if you give a self-certification that is false or misleading in a material particular.




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