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Scenario: Geoff discovers he has made a mistake on his income tax return after he has lodged it. He remembered he received a revised payment

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Scenario: Geoff discovers he has made a mistake on his income tax return after he has lodged it. He remembered he received a revised payment summary last year. This means he will owe the Government more - a shortfall amount. He wants to avoid a penalty. Geoff wants to know the implications of this, and he seeks your advice on the following questions: Q3. Use the following link as well as the information provided in the scenario to answer the questions below. https:[/www.ato.gov.au/GeneraI/Correct-a-mistake-or-amend-a-return/Correct-{amend)-an-income-tax-return[ Q3a. Explain why Geoff should make a voluntary disclosure. {100-150 words)

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