Penalties: How They Work and How to Manage Them

Explore how penalty provisions apply in practice and how to manage exposure across your client engagements.

In this session, we cover: 

• Penalty building blocks

• Conduct categories: 25%, 50% and 75%

• Penalty Uplifts

• Part IVA scheme penalty rates

• Reasonably arguable positions and RAP papers 

• Lodging and objecting

• Reasonable care, advisers and safe harbour

• Voluntary disclosure

• Remission

• Responding to a penalty notice