Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:6_90
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 6 cl 90
Character Range: 184676–186111

90  Subsections 284‑225(1) and (2) in Schedule 1
Repeal the subsections, substitute:

 (1) The *base penalty amount for your *shortfall amount or *scheme shortfall amount, for part of it or for your false or misleading statement is reduced by 20% if:
 (a) the Commissioner tells you that an examination is to be made of your affairs relating to a *taxation law for a relevant period; and
 (b) after that time, you voluntarily tell the Commissioner, in the *approved form, about the shortfall, the part of it or the false or misleading nature of the statement; and
 (c) telling the Commissioner can reasonably be estimated to have saved the Commissioner a significant amount of time or significant resources in the examination.

 (2) The *base penalty amount for your *shortfall amount or *scheme shortfall amount, for part of it or for your false or misleading statement is reduced under subsection (3), (4) or (4A) if you voluntarily tell the Commissioner, in the *approved form, about the shortfall amount, the part of it or the false or misleading nature of the statement before:
 (a) the day the Commissioner tells you that an examination is to be made of your affairs relating to a *taxation law for a relevant period; or
 (b) if the Commissioner makes a public statement requesting entities to make a voluntary disclosure by a particular earlier day about a *scheme or transaction that applies to your affairs—that earlier day.