Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 6 Miscellaneous amendments
Part 6 Administrative penalties for false or misleading statements
1 Division 1 - Main amendments
Taxation Administration Act 1953
71 Subsection 284-90(1) in Schedule 1 (after table item 3)
Insert:
|
3A |
A statement described in subsection 284-75(1) or (4) was false or misleading because of intentional disregard of a *taxation law by you or your *agent but did not result in you having a *shortfall amount |
60 penalty units |
|
3B |
A statement described in subsection 284-75(1) or (4) was false or misleading because of recklessness by you or your *agent as to the operation of a *taxation law but did not result in you having a *shortfall amount |
40 penalty units |
|
3C |
A statement described in subsection 284-75(1) or (4) was false or misleading because of a failure by you or your *agent to take reasonable care to comply with a *taxation law but did not result in you having a *shortfall amount |
20 penalty units |