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  

Guide to Subdivision 284-B

SECTION 284-70   WHAT THIS SUBDIVISION IS ABOUT  


You are liable to an administrative penalty if:

  • (a) you make a false or misleading statement about a tax-related matter; or
  • (b) you take a position that is not reasonably arguable about a tax-related matter; or
  • (c) the Commissioner determines a tax-related liability of yours without documents you were required to provide.
  • (d) (Repealed by No 75 of 2005)
  • This Subdivision sets out when the penalties apply and how the amounts of the penalties are calculated.


    TABLE OF SECTIONS
    TABLE OF SECTIONS
    Operative provisions
    284-75 Liability to penalty
    284-80 Shortfall amounts
    284-85 Amount of penalty
    284-90 Base penalty amount
    284-95 Joint and several liability of directors of corporate trustee that makes a false or misleading statement


     

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