A New Tax System (Tax Administration) Act (No. 2) 2000 (91 of 2000)
Schedule 5 Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997
2 Subsection 995-1(1)
Insert:
base penalty amount : the base penalty amount for calculating the amount of an administrative penalty is worked out under the relevant provision in this table:
|
Base penalty amount |
||
|---|---|---|
|
Item |
For a penalty for this: |
See: |
|
1 |
False or misleading statement Position not reasonably arguable |
Section 284-90 in Schedule 1 to the Taxation Administration Act 1953 |
|
2 |
*Schemes |
Section 284-160 in that Schedule |
|
3 |
Failure to lodge returns etc. |
Section 286-80 in that Schedule |