Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules

PART 4-25 - CHARGES AND PENALTIES

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Division 284 - Administrative penalties for statements, unarguable positions and schemes

Subdivision 284-B - Penalties relating to statements

Guide to Subdivision 284-B

SECTION 284-70 WHAT THIS SUBDIVISION IS ABOUT

You are liable to an administrative penalty if:

(a) you make a false or misleading statement about a tax-related matter; or

(b) you take a position that is not reasonably arguable about a tax-related matter; or

(d) (Repealed by No 75 of 2005)

This Subdivision sets out when the penalties apply and how the amounts of the penalties are calculated.

TABLE OF SECTIONS

**TABLE OF SECTIONS**
Operative provisions
284-75	Liability to penalty
284-80	Shortfall amounts
284-85	Amount of penalty
284-90	Base penalty amount
284-95	Joint and several liability of directors of corporate trustee that makes a false or misleading statement