Commonwealth Consolidated Acts Commonwealth Consolidated Acts
1 Subsection 995‑1(1) (definition of approved form )
Repeal the definition, substitute:
"approved form" has the meaning given by section 388-50 in Schedule 1 to the Taxation Administration Act 1953 .
1A Subsection 995‑1(1) (after paragraph (d) of the definition of BAS provisions )
Insert:
; and (e) sales tax law as defined in section 5 of the Sales Tax Assessment Act 1992 .
2 Subsection 995‑1(1)
Insert:
"base penalty amount" : the base penalty amount for calculating the amount of an administrative penalty is worked out under the relevant provision in this table:
|
Base penalty amount |
||
|
Item |
For a penalty for this: |
See: |
|
1 |
False or misleading statement Position not reasonably arguable |
Section 284‑90 in Schedule 1 to the Taxation Administration Act 1953 |
|
2 |
* Schemes |
Section 284‑160 in that Schedule |
|
3 |
Failure to lodge returns etc. |
Section 286‑80 in that Schedule |
3 Subsection 995‑1(1)
Insert:
"current annual turnover" has the meaning given by section 195-1 of the * GST Act.
4 Subsection 995‑1(1) (definition of electronic signature )
Repeal the definition, substitute:
"electronic signature" of an entity means a unique identification of the entity in electronic form that is approved by the Commissioner.
5 Subsection 995‑1(1)
Insert:
"fringe benefits taxable amount" has the meaning given by section 5B of the Fringe Benefits Tax Assessment Act 1986 .
6 Subsection 995‑1(1)
Insert:
"government entity" has the meaning given by section 41 of the A New Tax System (Australian Business Number) Act 1999 .
6A Subsection 995‑1(1)
Insert:
"input taxed" has the meaning given by section 195-1 of the * GST Act.
7 Subsection 995‑1(1)
Insert:
"non-profit sub-entity" has the meaning given by section 195-1 of the * GST Act.
8 Subsection 995‑1(1) (definition of PAYE earner )
Repeal the definition.
9 Subsection 995‑1(1) (definition of PAYE earnings )
Repeal the definition.
10 Subsection 995‑1(1)
Insert:
"reasonably arguable" has the meaning given by section 284-15 in Schedule 1 to the Taxation Administration Act 1953 .
10A Subsection 995‑1(1) (paragraphs (b) and (c) of the definition of recognised tax adviser )
Repeal the paragraphs, substitute:
(b) a legal practitioner.
11 Subsection 995‑1(1)
Insert:
"scheme benefit" has the meaning given by section 284-150 in Schedule 1 to the Taxation Administration Act 1953 .
12 Subsection 995‑1(1)
Insert:
"scheme shortfall amount" has the meaning given by section 284-150 in Schedule 1 to the Taxation Administration Act 1953 .
13 Subsection 995‑1(1)
Insert:
"shortfall amount" has the meaning give by section 284-80 in Schedule 1 to the Taxation Administration Act 1953 .
14 Subsection 995‑1(1) (definition of tax audit )
Repeal the definition, substitute:
"tax audit" means an examination by the Commissioner of an entity's financial affairs for the purposes of a * taxation law.
15 Subsection 995‑1(1)
Insert:
"taxable importation" has the meaning given by section 195-1 of the * GST Act.
16 Subsection 995‑1(1)
Insert:
"telephone signature" of an entity is a unique identification of the entity that can be given by telephone and that is approved by the Commissioner.