Deputy Commissioner of Taxation v Lyons [2014] FCA 1353

FEDERAL COURT OF AUSTRALIA

Deputy Commissioner of Taxation v Lyons [2014] FCA 1353 Citation: Deputy Commissioner of Taxation v Lyons [2014] FCA 1353

Parties: DEPUTY COMMISSIONER OF TAXATION (SUPERANNUATION) v ANTHONY SHAUNE LYONS

File number(s): NSD 664 of 2014

Judge(s): BENNETT J

Date of judgment: 12 December 2014

Catchwords: SUPERANNUATION – penalties – agreed facts –Superannuation Industry (Supervision) Act 1993 (Cth) ss 62, 65, 84 and 109 – regulated superannuation fund – self-managed superannuation fund - in-house assets – related party – seriousness of contraventions – reasonable reliance on information supplied by another person

Legislation: Superannuation Industry (Supervision) Act 1993 (Cth)

Cases cited: ACCC v Energy Australia Pty Ltd [2014] FCA 336 ACCC v Flight Centre (No 3) [2014] FCA 292 ACCC v Qantas Airways Limited [2008] FCA 1976 Australian Ophthalmic Supplies Pty Ltd v McAlary-Smith (2008) 165 FCR 560 Australian Prudential Regulatory Authority v Derstepanian [2005] FCA 1121 Barbaro v The Queen; Zirilli v The Queen [2014] HCA 2 Clean Energy Regulator v MT Solar Pty Ltd [2013] FCA 205 Global One Mobile Entertainment Pty Ltd v ACCC [2012] FCAFC 134 Markarian v The Queen (2005) 228 CLR 357 Mornington Inn Pty Ltd v Jordan (2008) 168 FCR 383 NW Frozen Foods Pty Ltd v ACCC (1996) 71 FCR 285 Olesen v Eddy [2011] FCA 13 Olesen v MacLeod [2011] FCA 229 Raelene Vivian, suing in her capacity as Deputy Commissioner of Taxation v Robert Burley Fitzgeralds [2007] FCA 1602 Trade Practices Commission v CSR Ltd [1990] FCA 521