INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VII - PENALTY TAX  

SECTION 226N  

226N   SHORTFALL BECAUSE OF STATEMENT BY PARTNER  
If:

(a) a partner in a partnership ( ``defaulting partner'' ) makes a partnership taxation statement; and

(b) a taxpayer who is a partner in the partnership has a partnership shortfall excess for a year in relation to the statement;

then:

(c) the excess is a tax shortfall of the defaulting partner for that year; and

(d) if the statement was caused by behaviour described in section 226G , 226H or 226J, the shortfall is taken to have been caused by that behaviour.