Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_54
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 54
Character Range: 63391–63798

54  After subsection 286‑80(4B) in Schedule 1
Insert:
 (4C) Neither subsection (3) nor (4) applies to the entity, and the *base penalty amount is multiplied by 500, if:
 (a) the base penalty amount arises in relation to *Australian IIR/UTPR tax or *Australian DMT tax in relation to an *Applicable MNE Group for a *Fiscal Year; and
 (b) the entity concerned is a *Group Entity of the Applicable MNE Group.