Tax Laws Amendment (2006 Measures No. 1) Act 2006 (32 of 2006)

Schedule 3   Promotion and implementation of schemes

Part 2   Consequential amendments

Taxation Administration Act 1953

15   Section 298-5 in Schedule 1

Repeal the section, substitute:

298-5 Scope of Subdivision

This Subdivision applies if:

(a) an administrative penalty is imposed on an entity by another Division in this Part; or

(b) a penalty is imposed on an entity by Subdivision 162-D of the *GST Act.