Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_6:p4
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 4/17)
Character Range: 1261383–1264657

Copies of notices
 (1) If:
 (a) the Commissioner gives you a notice under section 269‑25 in accordance with section 269‑50; and
 (b) you have given the address of a *registered tax agent to the Commissioner as your address for service for the purposes of any *taxation law;
the Commissioner may also give you a copy of the notice.
 (2) The Commissioner may do so by leaving the copy at, or posting the copy to, the address of the *registered tax agent.
 (3) To avoid doubt, this section does not affect:
 (a) whether the Commissioner has given you the actual notice; or
 (b) how the Commissioner may give you the actual notice.

269‑55  Division not to limit or exclude Corporations Act
  To avoid doubt, this Division is not intended to limit or exclude the operation of Chapter 5 (External administration) or Schedule 2 to the Corporations Act 2001, to the extent those provisions can operate concurrently with this Division.

Part 4‑25—Charges and penalties

Division 280—Shortfall interest charge

Table of Subdivisions
 Guide to Division 280
280‑A Object of Division
280‑B Shortfall interest charge
280‑C Remitting shortfall interest charge

Guide to Division 280

280‑1  Guide to Division 280

      The shortfall interest charge applies to shortfalls of income tax, petroleum resource rent tax, excess non‑concessional contributions tax, Division 293 tax, diverted profits tax, Laminaria and Corallina decommissioning levy, Australian IIR/UTPR tax or Australian DMT tax that are revealed when the Commissioner amends your assessment.
      The charge is applied at a uniform rate that is lower than the general interest charge rate.
      The Commissioner has a discretion to remit shortfall interest charge.

Subdivision 280‑A—Object of Division

Table of sections
280‑50 Object of Division

280‑50  Object of Division
  The object of this Division is to neutralise benefits that taxpayers could otherwise receive from shortfalls of income tax, *petroleum resource rent tax, *excess non‑concessional contributions tax, *Division 293 tax, *diverted profits tax, *Laminaria and Corallina decommissioning levy, *Australian IIR/UTPR tax or *Australian DMT tax, so that they do not receive an advantage in the form of a free loan over those who assess correctly.

Subdivision 280‑B—Shortfall interest charge

Table of sections
           280‑100 Liability to shortfall interest charge—income tax
           280‑101 Liability to shortfall interest charge—excess exploration credit tax
           280‑102 Liability to shortfall interest charge—petroleum resource rent tax
           280‑102A Liability to shortfall interest charge—excess non‑concessional contributions tax
           280‑102B Liability to shortfall interest charge—Division 293 tax
           280‑102C Liability to shortfall interest charge—diverted profits tax
           280‑102D Liability to shortfall interest charge—Laminaria and Corallina decommissioning levy
           280‑102E Liability to shortfall interest charge—Australian IIR/UTPR tax and Australian DMT tax
           280‑103 Liability to shortfall interest charge—general
           280‑105 Amount of shortfall interest charge
           280‑110 Notification by Commissioner

280‑100  Liability to shortfall interest charge—income tax
 (1)