Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 4-25
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CHARGES AND PENALTIES
Division 284
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Administrative penalties for statements, unarguable positions and schemes
Subdivision 284-C
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Penalties relating to schemes
Guide to Subdivision 284-C
SECTION 284-140
WHAT THIS SUBDIVISION IS ABOUT
View history note
Hide history noteNote: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rulesYou are liable to an administrative penalty if you attempt to reduce your tax-related liabilities or increase your credits through a scheme.
This Subdivision sets out when the penalties apply and how the amounts of the penalties are calculated.
| Operative provisions | |
| 284-145 | Liability to penalty |
| 284-150 | Scheme benefits and scheme shortfall amounts |
| 284-155 | Amount of penalty |
| 284-160 | Base penalty amount : schemes |
| 284-165 | Exception - threshold for penalty arising from cross-border transfer pricing |
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