106N
CurrentPromotion of tax avoidance schemes prohibited
Part 10ATax avoidance schemes
Division 3Promotion of tax avoidance schemes
106N Promotion of tax avoidance schemes prohibited
(1)
A person must not engage in conduct that results in a person being a promoter of a tax avoidance scheme.
(2)
A person is a promoter of a tax avoidance scheme if the person markets the scheme or otherwise encourages the growth of the scheme or interest in it.
(3)
However, a person is not a promoter of a tax avoidance scheme merely because the person—
(a)
provides advice about the scheme, or
(b)
distributes information or material about the scheme prepared by another person.
This Act’s bill:Explanatory memorandumSecond reading speech
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