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.
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