Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)

Schedule 1   PwC response - Promoter penalty law reform

Taxation Administration Act 1953

35   At the end of section 444-30 in Schedule 1

Add:

(5) If a civil penalty may be imposed in relation to a contravention of a provision of this Schedule or an *indirect tax law:

(a) subsection (3) applies to a contravention of the provision in a corresponding way to the way in which it applies to an offence; and

(b) subsection (4) does not apply.