Treasury Laws Amendment (2018 Measures No. 4) Act 2019 (8 of 2019)
Schedule 4 Fund reporting
Part 1 Grace period for member information statements
Taxation Administration Act 1953
2 At the end of section 8N
(3) This section does not apply if:
(a) the statement (the original statement ) was made under section 390-5 in Schedule 1; and
(b) the person who made the original statement makes a further statement to a taxation officer that corrects the original statement in each of the respects in which it is false or misleading in a material particular; and
(c) subsection 390-7(1) in Schedule 1 provides for a period for correcting the original statement; and
(d) the further statement:
(i) is in the approved form; and
(ii) is made within the period referred to in paragraph (c) of this subsection.
Note: A defendant bears an evidential burden in relation to the matter in subsection (3): see subsection 13.3(3) of the Criminal Code.