Australian Charities and Not-for-profits Commission (Consequential and Transitional) Act 2012 (169 of 2012)

Schedule 3   Amendments consequential on the establishment of the ACNC

Part 1   Amendments commencing at the same time as the Australian Charities and Not-for-profits Commission Act 2012

Taxation Administration Act 1953

14   Paragraph 14ZZQ(2)(b)

Omit "Full Court of the Federal Court", substitute "court constituted other than as mentioned in paragraph (a)".

14A Subsection 250-10(2) in Schedule 1 (after note 3)

Insert:

Note 4: Penalties under Division 175 of the Australian Charities and Not-for-profits Commission Act 2012, and related general interest charge, are treated in the same way as tax-related liabilities: see subsection 175-70(2) of that Act.