Document ID: chunk:federal_register_of_legislation:C2006C00616:clause:1_5
Version: federal_register_of_legislation:C2006C00616
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 16743–17709

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 greater of $20,000 or 2% of the trust's net income (if any) for that year worked out on the basis of the trust's *income tax return