Document ID: chunk:federal_register_of_legislation:C2021C00522:clause:23_19
Version: federal_register_of_legislation:C2021C00522
Segment Type: clause
Provision Reference: sch 23 cl 19
Character Range: 288412–289379

19  At the end of section 284‑75 in Schedule 1
Add:

Further exception to subsection (1)
 (8) You are not liable to an administrative penalty under subsection (1) if:
 (a) you made the statement (the original statement) under section 389‑5 notifying an amount under item 1 or 2 of the table in subsection 389‑5(1) (and no other item in that table); and
 (b) the original statement related to the *financial year in which you made it; and
 (c) you make a further statement to a taxation officer that corrects the original statement in each of the respects in which it is false or misleading in a material particular; and
 (d) the further statement:
 (i) is in the *approved form; and
 (ii) if subsection 389‑25(1) in that Schedule provides for a period for correcting the original statement—is made within that period; and
 (iii) without limiting subparagraph (ii), is made within 14 days after the end of the financial year in which the original statement was made.