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TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES    View history reference

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules    View history reference

PART 4-25 - CHARGES AND PENALTIES  

Division 284 - Administrative penalties for statements, unarguable positions and schemes    View history reference

Subdivision 284-B - Penalties relating to statements    View history reference

Operative provisions

SECTION 284-85  AMOUNT OF PENALTY  

 View history reference

284-85(1)  

Work out the *base penalty amount under section 284-90 . If the base penalty amount is not increased under section 284-220 or reduced under section 284-225 , this is the amount of the penalty.

284-85(2)  

Otherwise, use this formula:
BPA   +   [BPA   ×   (Increase %   -   Reduction %)]

where:

BPA is the *base penalty amount.

increase % is the percentage increase (if any) under section 284-220 .

reduction % is the percentage reduction (if any) under section 284-225 .


 



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