Document ID: chunk:federal_register_of_legislation:C2015C00292:clause:2_17
Version: federal_register_of_legislation:C2015C00292
Segment Type: clause
Provision Reference: sch 2 cl 17
Character Range: 19949–20829

17                                                                         Subsection 347A(5)     5 penalty units

Note: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
 (2) For the purposes of subsection (1), the persons are:
 (a) a trustee of a self managed superannuation fund; or
 (b) a director of a body corporate that is a trustee of a self managed superannuation fund.
Note: Collection and recovery of administrative penalties imposed by this section is dealt with in Part 4‑15 of Schedule 1 to the Taxation Administration Act 1953.
 (3) If a trustee of a self managed superannuation fund on whom a penalty is imposed by this section is an individual, a reference in Part 4‑15 or Division 298 in Schedule 1 to the Taxation Administration Act 1953 to an entity is taken to be a reference to that individual in his or her personal capacity.