Fine late lodgement, audited.

Robert Jones consults a local lawyer in relation to his tax affairs. He has invested in an olive-growing scheme which did not have a product ruling. Robert gave details of his tax affairs, including expenditure in the scheme, to the lawyer in August. The lawyer did not lodge Robert's return until the following June. The lawyer also omitted to include in the return the rental income Robert derived from a property in New York. Robert was fined for late lodgement and subsequently audited, resulting in an amended assessment, a false or misleading statement penalty and the shortfall interest charge. REQUIRED: (a) Discuss the above scenario. AND (b) What difference would it make if Robert consulted a registered tax agent