Miscellaneous Taxation Ruling
MT 2008/1ER - Erratum
Penalty relating to statements: meaning of reasonable care, recklessness and intentional disregard
Please note that the PDF version is the authorised version of this ruling.View the consolidated version for this notice.
This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects Miscellaneous Taxation Ruling MT 2008/1 to correct a quote from the Federal Court of Australia case BRK (Bris) Pty Ltd v. Federal Commissioner of Taxation  FCA 164; 2001 ATC 4111; (2001) 46 ATR 347 (BRK) and to correct some references.
After 'incorrect'; insert ', or be grossly indifferent as to whether or not the material is true and correct'.
Omit 'Tax Laws Amendment (2010 Measures No 1) Bill 2010'; substitute 'Explanatory Memorandum to the Tax Laws Amendment (2010 Measures No. 1) Bill 2010'.
- TAA 1953 Sch 1 286-75(1)
- TAA 1953 Sch 1 Div 358
- Tax Agent Services (Transitional Provisions and Consequential Amendments) Act 2009
- Tax Laws Amendment (2010 Measures No. 1) Act 2010
- Explanatory Memorandum to the Tax Laws Amendment (2010 Measures No. 1) Bill 2010
Commissioner of Taxation
7 March 2012