Taxation Administration Act 1953
Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).
Note: See section 3AA .Chapter 4 - Generic assessment, collection and recovery rules
Ch 4 heading inserted by No 73 of 2006 , s 3 and Sch 5 item 42, effective 1 July 2006.
Pt 4-25 heading substituted by No 32 of 2006 , s 3 and Sch 3 item 11, applicable in relation to conduct engaged in on or after 6 April 2006. The heading formerly read:
PART 4-25 - CHARGES AND ADMINISTRATIVE PENALTIES FOR FAILING TO MEET OBLIGATIONS
Pt 4-25 (heading) substituted by No 101 of 2004.
Pt 4-25 inserted by No 179 of 1999.
Div 284 inserted by No 91 of 2000.
If you are a trustee of a trust and:
(a) you make a statement to the Commissioner or to an officer who is exercising powers or performing functions under a *taxation law about the trust; and
(b) the statement:
(i) is false or misleading in a material particular, whether because of things in it or omitted from it; or
(ii) treated an *income tax law as applying to a matter or identical matters in a particular way that was not *reasonably arguable; or
(iii) treated a taxation law as applying in a particular way to a *scheme;
this Division applies to you as if any *shortfall amount or *scheme shortfall amount of a beneficiary of the trust as a result of the statement were your shortfall amount or scheme shortfall amount.
S 284-30 amended by No 96 of 2014, s 3 and Sch 1 item 83, by repealing the note, effective 30 September 2014. For transitional provisions see note under Pt 3-15 heading. The note formerly read:
A beneficiary of a trust cannot have a *shortfall amount or *scheme shortfall amount in relation to the MRRT law.
S 284-30 amended by No 14 of 2012, s 3 and Sch 1 item 17, by inserting the note at the end, effective 1 July 2012. For application and transitional provisions see note under Part 3-15 heading.
S 284-30 inserted by No 91 of 2000.
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