Miscellaneous Taxation Ruling

MT 2008/1A3 - 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 withdrawal of Law Administration Practice Statement PS LA 2006/2 and its replacement with Law Administration Practice Statements PS LA 2012/4 and 2012/5
that the administrative penalty contained in Division 284 of Schedule 1 to the Taxation Administration Act 1953 applies in relation to Petroleum Resource Rent Tax matters, and
the repeal of the Minerals Resource Rent Tax (MRRT).

MT 2008/1 is amended as follows:

1. Paragraph 3

Omit 'Law Administration Practice Statement PS LA 2006/2'; substitute 'Law Administration Practice Statements PS LA 2012/4 and 2012/5'

2. Paragraph 8

Omit the third dot point.

3. Paragraph 10

Omit 'MRRT,'.

4. Paragraph 11

In the second dot point omit 'MRRT'; substitute 'petroleum resource rent tax'.

5. Other references

(a) Omit 'Law Administration Practice Statement PS LA 2006/2'.

(b) Insert:

Law Administration Practice Statement PS LA 2012/4
Law Administration Practice Statement PS LA 2012/5

This Addendum applies on and from 1 October 2014. Schedule 1 to the Minerals Resource Rent Tax Repeal and Other Measures Act 2014, which repeals the MRRT law, commenced on 30 September 2014 and operates to ensure that entities will not accrue further MRRT liabilities after this date.

Commissioner of Taxation
1 April 2015


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ISSN: 1039-0731