Miscellaneous Taxation Ruling

MT 2008/1A2 - Addendum

Penalty relating to statements: meaning of reasonable care, recklessness and intentional disregard


This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Miscellaneous Taxation Ruling MT 2008/01 to take into account the commencement of the Minerals Resource Rent Tax (MRRT) from 1 July 2012 recognising that the shortfall penalty provisions contained in Division 284 of Schedule 1 to the Taxation Administration Act 1953 will apply to MRRT shortfalls.

MT 2008/1 is amended as follows:

1. Paragraph 5

Omit the paragraph.

2. Paragraph 6

At the end of the paragraph insert footnote:

1B This ruling was a public ruling for the purposes of section 105-60. This ruling is now taken to be a ruling made under Division 358 as it was in force immediately before 1 July 2010 and was labelled as a public ruling - see section 46 of Schedule 2 to the Tax Laws Administration (2010 GST Administration Measures No. 2) Act 2010.

3. Paragraph 8

Insert after the second dot point:

minerals resource rent tax (MRRT) matters for the year commencing 1 July 2012 and later years; and

4. Paragraph 10

After the word 'GST'; insert ', MRRT, petroleum resource rent tax'.

5. Paragraph 11

In the second dot point after the word 'income tax law'; insert ', or MRRT law,'.

This Addendum applies on and from 1 July 2012, the day of commencement of the MRRT.

Commissioner of Taxation
11 July 2012


ATO references:
NO 1-3XXQ04D

ISSN: 1039-0731

Subject References:
administrative penalty
intentional disregard
reasonable care
tax administration