INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VII - PENALTY TAX  

SECTION 226V  

226V   CERTAIN AMOUNTS NOT SHORTFALL BECAUSE OF ADVICE ETC.  
If:

(a) apart from this section, a taxpayer has a tax shortfall for a year of income; and

(b) the shortfall or part of it was caused by the taxpayer, in a taxation statement, treating an income tax law as applying in a particular way; and

(c) that way agrees with:

(i) advice given to the taxpayer by a taxation officer; or

(ii) a general administrative practice under this Act;

the shortfall is not a tax shortfall, or the part is not part of a tax shortfall, for the purposes of section 226G , 226H , 226J , 226K or 226L .