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  

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

Subdivision 284-B - Penalties relating to statements  

Operative provisions

SECTION 284-85   AMOUNT OF PENALTY  

284-85(1)  
Work out the *base penalty amount under section 284-90 . If the base penalty amount is not increased under section 284-220 or reduced under section 284-225 , this is the amount of the penalty.

284-85(2)  
Otherwise, use this formula:


BPA   +   [BPA   ×   (Increase %   -   Reduction %)]

where:

BPA
is the *base penalty amount.

increase %
is the percentage increase (if any) under section 284-220 .

reduction %
is the percentage reduction (if any) under section 284-225 .


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