Document ID: chunk:federal_register_of_legislation:C2011A00010:clause:1_129aeb
Version: federal_register_of_legislation:C2011A00010
Segment Type: clause
Provision Reference: sch 1 cl 129AEB
Character Range: 24629–25892

129AEB  Amount of administrative penalty
 (1) The amount of the administrative penalty in respect of a professional service is worked out in accordance with this section.

Base penalty amount
 (2) Subject to subsections (3), (4), (5) and (6), the amount (the base penalty amount) of the administrative penalty is 20% of whichever of the following applies in respect of the professional service:
 (a) the recoverable amount referred to in paragraph 129AEA(1)(b);
 (b) the recoverable amount referred to in paragraph 129AEA(2)(e);
 (c) the recoverable amount referred to in paragraph 129AEA(3)(e).

Reductions in base penalty amount
 (3) A person's base penalty amount for a professional service is reduced in accordance with the table.
Reductions in base penalty amount
Item                               If…                                                                                                                                                                                                                                                                                                                                                                                                                                 the base penalty amount is reduced by…