Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_2:p3
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 3/16)
Character Range: 1365742–1368629

or make the record in accordance with the taxation law.
 (2) You are liable to an administrative penalty of 60 penalty units if you aid, abet, counsel or procure conduct for which subsection (1) makes an entity liable to an administrative penalty.
Note: Division 298 contains machinery provisions for administrative penalties.

288‑140  Penalty for failing to publish information on time
 (1) You are liable to an administrative penalty if:
 (a) you are required under subsection 3D(3) or 3DB(2) to publish information by giving a document containing the information to the Commissioner in the *approved form by a particular day; and
 (b) you do not publish the information by giving the document to the Commissioner in the approved form by that day.
 (2) The amount of the penalty is 500 penalty units for each period of 28 days or part of a period of 28 days:
 (a) starting on the day mentioned in paragraph (1)(a); and
 (b) ending when you publish the information by giving the document to the Commissioner in the approved form;
up to a maximum of 2,500 penalty units.
Note: Division 298 contains machinery provisions for administrative penalties.

Division 290—Promotion and implementation of schemes

Table of Subdivisions
290‑A Preliminary
290‑B Civil penalties
290‑C Injunctions
290‑D Voluntary undertakings

Subdivision 290‑A—Preliminary

Table of sections
290‑5 Objects of this Division
290‑10 Extra‑territorial application

290‑5  Objects of this Division
  The objects of this Division are:
 (a) to deter the promotion of tax avoidance *schemes and tax evasion schemes; and
 (aa) to deter the promotion of schemes on the basis of conformity with a *public ruling, *private ruling or *oral ruling if the scheme is materially different from that described in the ruling; and
 (b) to deter the implementation of schemes that have been promoted on the basis of conformity with a public ruling, private ruling or oral ruling in a way that is materially different from that described in the ruling.

290‑10  Extra‑territorial application
  This Division extends to acts, omissions, matters and things outside Australia.

Subdivision 290‑B—Civil penalties

Table of sections
290‑50 Civil penalties
290‑55 Exceptions
290‑60 Meaning of promoter
290‑65 Meaning of tax exploitation scheme

290‑50  Civil penalties

Promoter of tax exploitation scheme
 (1) An entity must not engage in conduct that results in that or another entity being a *promoter of a *tax exploitation scheme.

Promoting scheme otherwise than in accordance with ruling
 (1A) An entity must not engage in conduct that results in a *scheme that is materially different from that described in a *public ruling, *private ruling or *oral ruling being promoted on the basis of conformity with that ruling.

Implementing scheme otherwise than in accordance with ruling
 (2) An entity must not engage in conduct that results