Miscellaneous Taxation Ruling

MT 2012/3A2 - Addendum

Administrative penalties: voluntary disclosures

Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Miscellaneous Taxation Ruling MT 2012/03 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.
·
the repeal of the Minerals Resource Rent Tax (MRRT).

MT 2012/3 is amended as follows:

1. Paragraph 5

Omit 'Law Administration Practice Statement PS LA 2006/2, which contains'; substitute 'Law Administration Practice Statements PS LA 2012/4 and 2012/5, which contain'.

2. Paragraph 15

(a) Omit the second dot point; substitute:

·
fringe benefits (FBT) matters for the year commencing 1 April 2001

(b) Omit the third dot point

3. Paragraph 17

Omit ',MRRT'.

4. Paragraph 28

Omit 'PS LA 2006/2 provides'; substitute 'PS LA 2012/4 and 2012/5 provide'.

5. Legislative references

Omit:

·
TAA 1936 226ZA

Substitute:

·
ITAA 1936 226ZA

6. 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

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO 1-6HARAJO

ISSN: 1039-0731