Taxation Administration Act 1953
Note: See section 3AA .Chapter 5 - Administration
An entity must give to the Commissioner a corrected report if:
(a) the entity has given a report to the Commissioner under this Subdivision; and
(b) after giving the report, the entity becomes aware of a material error in it. 396-75(2)
The report must be in the *approved form. 396-75(3)
The report must be given to the Commissioner no later than 28 days after the entity becomes aware of the error.
An administrative penalty applies to a failure to give the report by that time (see subsection 286-75(1) ). An administrative penalty applies for any false statements in the report (see section 284-75 ).
Section 388-55 allows the Commissioner to defer the time for giving an approved form.