Penalty tax amnesty following Oliver Hume decision extended to 30 June 2025
Published on 31 March 2025
At the request of industry, the penalty tax amnesty following the Oliver Hume decision – which was due to expire today – has been extended for a further 3 months. The program will end on 30 June 2025.Following the Oliver Hume decision in August 2024, the Commissioner is providing landholders with a penalty tax amnesty on voluntary disclosures of, and requests for rulings on, liabilities arising from capital raisings.
This penalty tax amnesty opened in October 2024, and was extended in November 2024 to also apply to requests for rulings on capital raisings.
The penalty tax amnesty was due to expire today (31 March 2025).
At the request of industry, the penalty tax amnesty has now been extended for a further 3 months. The program will end on 30 June 2025.
To access the penalty tax amnesty, you can make a voluntary disclosure or ruling request by lodging a landholder acquisition statement, submitting a request for a ruling, or sending a cover letter together with supporting documents to landholder@sro.vic.gov.au.
If you have any questions, please contact us on 03 9628 0123.
