New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)
Schedule 11 Consolidation: consequential provisions for research and development
Taxation Administration Act 1953
14 At the end of section 286-75 of Schedule 1
(3) You are also liable to an administrative penalty if:
(a) you are required under subsection 73BAE(2) of theIncome Tax Assessment Act 1936 to give written details of an initial clawback amount (see section 73C of that Act) to another company by a particular day; and
(b) you do not give the details to the other company by that day.