VCP11748 - Mitigation Framework: Why and when we should mitigate a penalty: Degree of co-operation in identifying and quantifying errors and other factors (misdeclarations)

Degree of co-operation in identifying and quantifying the error (misdeclarations)	maximum of 50%
Full co-operation and quantification.	up to 50%
Partial co-operation and quantification.	up to 25%
Alleged full quantification that later turns out to be partial but the reason was unintentional.	up to 10%
Supplying information promptly and answering questions accurately to allow officers to quantify the under-declaration.	up to 10%
Other actions which result in a saving of Departmental time and resources.	up to 10%

 

 

Other Factors	maximum of 50%
Published guidance is unclear or not up to date.	up to 40%
Evidence of efforts made to seek advice.	up to 10%
Evidence of steps taken to correct systems in order to prevent similar errors in future.	from 5% - 25%
Compliance history of trader over the last 3 registered years has been good.	up to 25%