Taxation Administration Act 1953

Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).

Ch 4 heading inserted by No 73 of 2006 , s 3 and Sch 5 item 42, effective 1 July 2006.

Pt 4-25 heading substituted by No 32 of 2006 , s 3 and Sch 3 item 11, applicable in relation to conduct engaged in on or after 6 April 2006. The heading formerly read:

PART 4-25 - CHARGES AND ADMINISTRATIVE PENALTIES FOR FAILING TO MEET OBLIGATIONS

Pt 4-25 (heading) substituted by No 101 of 2004.

Pt 4-25 inserted by No 179 of 1999.

Div 280 inserted by No 75 of 2005.

S 280-50 substituted by No 9 of 2025, s 3 and Sch 1 item 17, applicable in relation to amounts a person is liable to pay under subsection 172A(2) of the Income Tax Assessment Act 1936 (as mentioned in subsection 280-102F(1) in Schedule 1 to the Taxation Administration Act 1953 ), where the liability to pay those amounts arises on or after 1 April 2025. S 280-50 formerly read:

SECTION 280-50 OBJECT OF DIVISION  
280-50
The object of this Division is to neutralise benefits that taxpayers could otherwise receive from shortfalls of income tax, * petroleum resource rent tax, * excess non-concessional contributions tax, * Division 293 tax, * diverted profits tax, * Laminaria and Corallina decommissioning levy, * Australian IIR / UTPR tax or * Australian DMT tax, so that they do not receive an advantage in the form of a free loan over those who assess correctly.

S 280-50 amended by No 134 of 2024, s 3 and Sch 1 item 40, by substituting " , * Laminaria and Corallina decommissioning levy, * Australian IIR / UTPR tax or * Australian DMT tax " for " or * Laminaria and Corallina decommissioning levy " , effective 11 December 2024 and applicable in relation to Fiscal Years starting on or after 1 January 2024. For transitional provisions, see note under Sch 1 Pt 3-18 heading.

S 280-50 amended by No 24 of 2022, s 3 and Sch 1 item 16, by substituting " , * diverted profits tax or * Laminaria and Corallina decommissioning levy " for " or * diverted profits tax " , effective 2 April 2022 and applicable in relation to financial years starting on or after 1 July 2021.

S 280-50 amended by No 27 of 2017, s 3 and Sch 1 item 48, by substituting " , * Division 293 tax or * diverted profits tax " for " or * Division 293 tax " , applicable in relation to DPT tax benefits for a year of income that starts on or after 1 July 2017 (whether or not the DPT tax benefit arises in connection with a scheme that was entered into, or was commenced to be carried out, before 1 July 2017).

S 280-50 amended by No 96 of 2014, s 3 and Sch 1 item 78, by omitting " * MRRT, " after " shortfalls of income tax, " , effective 30 September 2014. For transitional provisions see note under Pt 3-15 heading.

S 280-50 amended by No 118 of 2013, s 3 and Sch 1 item 107, by inserting " non-concessional " after " * excess " , effective 29 June 2013. For application, transitional and saving provisions, see note under Pt 2-35 heading.

S 280-50 amended by No 82 of 2013, s 3 and Sch 3 item 23, by substituting " , * excess contributions tax or * Division 293 tax " for " or * excess contributions tax " , effective 28 June 2013. For application provision, see note under Pt 3-20 heading.

S 280-50 amended by No 14 of 2012, s 3 and Sch 1 item 12, by inserting " * MRRT, " , effective 1 July 2012. For application and transitional provisions see note under Part 3-15 heading.

S 280-50 amended by No 15 of 2007, s 3 and Sch 1 item 387, by substituting " , * petroleum resource rent tax or * excess contributions tax " for " or * petroleum resource rent tax " , applicable to the 2007-2008 income year and later years.

S 280-50 amended by No 78 of 2006, s 3 and Sch 4 item 29, by inserting " or * petroleum resource rent tax " , applicable only in relation to returns and assessments of tax, and instalments of tax, under the Petroleum Resource Rent Tax Assessment Act 1987 for financial years that start on or after 1 July 2006.

S 280-50 inserted by No 75 of 2005.