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

91   After subsection 284-225(4) in Schedule 1

Insert:

(4A) The *base penalty amount for your false or misleading statement that does not result in you having a *shortfall amount is reduced to nil.