S 288-100(1) substituted by No 81 of 2016, s 3 and Sch 10 item 46, effective 1 July 2018. For application provisions, see note under Div 131 heading. S 288-100(1) formerly read:

288-100(1)
A person is liable for an administrative penalty of 20 penalty units if:

(a) the person gives one or more *superannuation providers a release authority in accordance with:

(i) section 292-410 of the Income Tax Assessment Act 1997 ; or

(ii) section 292-80B of the Income Tax (Transitional Provisions) Act 1997 ; and

(b) the total of the amounts paid by the superannuation provider or providers to the person and the Commissioner as a result of being given the release authority exceeds the amount required to be paid in respect of the release authority under:

(i) if subparagraph (a)(i) applies - subsection 292-415(1) of the Income Tax Assessment Act 1997 ; or

(ii) if subparagraph (a)(ii) applies - section 292-80C of the Income Tax (Transitional Provisions) Act 1997 .

S 288-100(1) renumbered from s 288-100 by No 82 of 2013, s 3 and Sch 3 item 29, effective 28 June 2013. For application provision, see note under Pt 3-20 heading.

S 288-100 inserted by No 9 of 2007 , s 3 and Sch 1 item 23, applicable to the 2007-2008 financial year and later years.