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08 Apr 2021 ATO Rulings

Practice statement 

PS LA 2021/1 Application of the promoter penalty laws 

This Practice Statement provides guidance on the application of the promoter penalty laws (Division 290 of Schedule 1 to the Taxation Administration Act 1953 and section 68B of the Superannuation Industry (Supervision) Act 1993).  

This Practice Statement discusses: 

  • some of the indicators of potential promoter behaviour; 

  • the process for making decisions about the promoter penalty laws, covering the roles of the Promoters and Tax Exploitation Program (Promoters Program), the Promoter Penalty Decision Maker (Decision Maker) and the Promoter Penalty Review Panel (the Panel); and 

  • the application of the promoter penalty laws, in particular, the sanctions and remedies available. 

Taxpayer alert 

TA 2021/1 Retail sale of illicit alcohol 

The ATO is currently reviewing a number of arrangements involving the manufacture, distribution and sale of illicit alcohol. This Alert focuses on arrangements where retailers are knowingly or recklessly purchasing illicit alcohol for the purposes of resale.

'Illicit alcohol', for the purposes of this Alert, refers to excisable alcohol on which duty has not been paid or otherwise properly acquitted. Duty is ordinarily paid by an excise licensed manufacturer or distributor and is embedded in the price of the product. 

Multilateral Instrument  

The ATO is developing advice and guidance on the following: 

Income tax issues 

GST issues 

Administration issues 

International issues 

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