Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (37 of 2024)
Schedule 1 PwC response - Promoter penalty law reform
Taxation Administration Act 1953
15 At the end of subsection 290-50(3) in Schedule 1
Add:
Note: If the entity is a registered tax agent or BAS agent, being penalised under this subsection may affect the continued registration of the entity: see section 20-45 and Subdivision 40-A of the Tax Agent Services Act 2009.
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