Miscellaneous Taxation Ruling

MT 2012/3A1 - Addendum

Administrative penalties: voluntary disclosures

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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Miscellaneous Taxation Ruling MT 2012/03 to take into account the commencement of the Minerals Resource Rent Tax (MRRT) from 1 July 2012 recognising that the shortfall penalty provisions contained in Division 284 of Schedule 1 to the Taxation Administration Act 1953 will apply to MRRT shortfalls.

MT 2012/3 is amended as follows:

1. Paragraph 15

Insert after the second dot point:

•

minerals resource rent tax (MRRT) matters for the year commencing 1 July 2012 and later years; and

2. Paragraph 17

After '(GST),'; insert 'MRRT, petroleum resource rent tax,'.

This Addendum applies on and from 1 July 2012, the day of commencement of the MRRT.

Commissioner of Taxation
11 July 2012

References

ATO references:
NO 1-3XXQ04D

Subject References:
administrative penalty
taxpayer disclosures
voluntary disclosures