Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:10_46
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 10 cl 46
Character Range: 149670–150270

46  Subsection 288‑100(1) in Schedule 1
Repeal the subsection, substitute:
 (1) A person is liable for an administrative penalty of 20 penalty units if:
 (a) the person gives one or more *superannuation providers a release authority in accordance with section 292‑80B of the Income Tax (Transitional Provisions) Act 1997; and
 (b) the total of the amounts paid by the superannuation provider or providers to the person and the Commissioner as a result of being given the release authority exceeds the amount required to be paid in respect of the release authority under section 292‑80C of that Act.