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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 288 - Miscellaneous administrative penalties    View history reference

SECTION 288-95  FAILING TO COMPLY ETC. WITH RELEASE AUTHORITY  

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288-95(1)  

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A *superannuation provider that has been given a release authority in accordance with section 292-410 of the Income Tax Assessment Act 1997 and that fails to comply with subsection 292-415(1) of that Act is liable to an administrative penalty of 20 penalty units.

[CCH Note: S 288-95(1) will be repealed by No 81 of 2016, s 3 and Sch 10 item 43, effective 1 July 2018. For application provisions, see note under Div 131.]

288-95(2)  

A *superannuation provider that has been given a transitional release authority in accordance with section 292-80B of the Income Tax (Transitional Provisions) Act 1997 and that fails to comply with subsection 292-80C(1) of that Act is liable to an administrative penalty of 20 penalty units.

288-95(3)  

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A *superannuation provider that fails to comply with section 96-20 (about release authority for excess superannuation contributions) is liable to an administrative penalty of 20 penalty units.

[CCH Note: S 288-95(3) will be amended by No 81 of 2016, s 3 and Sch 10 item 44, by substituting "131-35 (about release authorities for superannuation)" for "96-20 (about release authority for excess superannuation contributions)", effective 1 July 2018. For application provisions, see note under Div 131.]

288-95(4)  

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A *superannuation provider that fails to comply with section 135-75 (about release authorities for Division 293 tax) is liable to an administrative penalty of 20 penalty units.

[CCH Note: S 288-95(4) will be amended by No 81 of 2016, s 3 and Sch 10 item 45, by substituting "debt account discharge liabilities" for "Division 293 tax", effective 1 July 2018. For application provisions, see note under Div 131.]


 



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