Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)
Schedule 1 CGT adjustments
Part 1 Main amendments
Taxation Administration Act 1953
52 After subsection 286-75(2) in Schedule 1
Insert:
(2AAA) You are also liable to an administrative penalty if:
(a) you are required under subsection 115-235(1) of the Income Tax Assessment Act 1997 (giving information to beneficiaries) to prepare and give a statement to an entity (other than the Commissioner) by a particular day; and
(b) you do not give the statement to the entity by that day.
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