What has been corrected
The Australian Taxation Office has issued an erratum to Taxation Determination TD 2012/2. That determination deals with when the shortfall interest charge is incurred under former paragraph 25-5(1)(c) of the Income Tax Assessment Act 1997.
The only change is a typographical correction in paragraph 2B of TD 2012/2. The reference paragraph 25-1(c) has been corrected to read paragraph 25-5(1)(c).
Effect of the correction
There is no change to the substance or effect of the original ruling. The correction applies from 22 July 2026 and was published on 29 July 2026.
Key actions
The ATO has stated that no action is required as a result of this correction. The erratum notes that the correct legislative reference in paragraph 2B of TD 2012/2 is paragraph 25-5(1)(c) of the Income Tax Assessment Act 1997, not paragraph 25-1(c).
- The corrected determination is available on the ATO Legal Database: TD 2012/2ER1 on the ATO Legal Database.
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