Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Download] [Help]

A NEW TAX SYSTEM (TAX ADMINISTRATION) ACT (NO. 2) 2000 NO. 91, 2000 - SCHEDULE 5

- Consequential amendment of Chapter 6 (the Dictionary) of the Income Tax Assessment Act 1997

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.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback