Document ID: chunk:federal_register_of_legislation:C2006C00616:clause:1_6
Version: federal_register_of_legislation:C2006C00616
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 13754–15063

6                  An amount that the Commissioner must pay or credit to you under a *taxation law for an accounting period worked out on the basis of the statement is more than it would be if the statement were consistent with the *private ruling

Note: Section 284‑215 may reduce or eliminate your shortfall amount.

284‑85  Amount of penalty

 (1) Work out the *base penalty amount under section 284‑90. If the base penalty amount is not increased under section 284‑220 or reduced under section 284‑225, this is the amount of the penalty.

 (2) Otherwise, use this formula:
where:

BPA is the *base penalty amount.

increase % is the percentage increase (if any) under section 284‑220.

reduction % is the percentage reduction (if any) under section 284‑225.

284‑90  Base penalty amount

 (1) The base penalty amount under this Subdivision is worked out using this table:

Base penalty amount
Item                 In this situation:                                                                                                                                                                                                                                                                                                                                                       The base penalty amount is: