Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_5
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 1301803–1302633

5                    You have a *shortfall amount because of section 284‑30 (about trusts) and:                                                                                                                                                                                                                                                    25% of your *shortfall amount or part
                     (a) your shortfall amount or part of it resulted from you or your agent treating an *income tax law as applying to a matter or identical matters in a particular way that was not *reasonably arguable; and
                     (b) because of that treatment, the trust's net income would have been reduced, or the trust's *tax loss would have been increased, for the income year by more than the trust's *reasonably arguable threshold