Penalty relating to statements: meaning of reasonable care, recklessness and intentional disregard; Shortfall Penalties: administrative penalty for taking a position that is not reasonably arguable; and Shortfall Penalties: voluntary disclosures (respectively) The Professional Bodies welcome the opportunity to comment on Draft Miscellaneous Tax Rulings MT 2008/D1, D2 and D3 (the Draft Rulings). In light of the ATO's intention to consult further with stakeholders on 5 August 2008, the views expressed in this submission should be regarded as preliminary in nature. The Professional Bodies reserve the right to amend this submission, if necessary, in light of the outcomes of further consultation with the ATO and to raise and comment on any further issues that may arise during the course of any additional consultations with the ATO.
maintenance