Minerals Resource Rent Tax Repeal and Other Measures Act 2014 (96 of 2014)
Schedule 1 Minerals resource rent tax
Part 2 Consequential amendments
Taxation Administration Act 1953
89 Subsection 284-90(1) in Schedule 1 (cell at table item 4, column headed "In this situation:")
Repeal the cell, substitute:
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You have a *shortfall amount, all or part of which resulted from you or your agent treating an *income tax law or the *petroleum resource rent tax law as applying to a matter or identical matters in a particular way that was not *reasonably arguable, and that amount is more than your *reasonably arguable threshold. |