Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules

PART 4-25 - CHARGES AND PENALTIES

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Division 284 - Administrative penalties for statements, unarguable positions and schemes

Subdivision 284-C - Penalties relating to schemes

Guide to Subdivision 284-C

SECTION 284-140 WHAT THIS SUBDIVISION IS ABOUT

You are liable to an administrative penalty if you attempt to reduce your tax-related liabilities or increase your credits through a scheme.

This Subdivision sets out when the penalties apply and how the amounts of the penalties are calculated.

TABLE OF SECTIONS

**TABLE OF SECTIONS**
Operative provisions
284-145	Liability to penalty
284-150	Scheme benefits and scheme shortfall amounts
284-155	Amount of penalty
284-160	Base penalty amount : schemes
284-165	Exception - threshold for penalty arising from cross-border transfer pricing