Document ID: chunk:federal_register_of_legislation:C2012A00142:clause:3_54
Version: federal_register_of_legislation:C2012A00142
Segment Type: clause
Provision Reference: sch 3 cl 54
Character Range: 24092–24846

54  No shortfall interest charge or shortfall penalty arises from pre or interim rules
(1) Disregard a deduction covered by subitem (3) in working out under subsection 280‑100(1) in Schedule 1 to the Taxation Administration Act 1953 the extent (if any) to which an entity is liable to pay an additional amount of income tax because of an amended assessment.
(2) Disregard a deduction covered by subitem (3) in working out the amount (if any) of a shortfall amount under subsection 284‑80(1) in that Schedule.
(3) A deduction is covered by this subitem if the pre rules or interim rules apply in working out the amount of the deduction.
[Minister's second reading speech made in—
House of Representatives on 28 June 2012
Senate on 23 August 2012]
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