Tax Laws Amendment (Cross-Border Transfer Pricing) Act (No. 1) 2012 (115 of 2012)
Schedule 1 Amendments
Taxation Administration Act 1953
13 After subsection 284-145(2) in Schedule 1
Insert:
(2A) You are also liable to an administrative penalty if:
(a) you would, apart from a determination under section 815-30 of the Income Tax Assessment Act 1997 (also the adjustment provision ), get a *scheme benefit from a *scheme; and
(b) subparagraph (1)(b)(i) is not satisfied for the scheme.
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