TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)

PART IIA - THE GENERAL INTEREST CHARGE  

Division 3 - The late reconciliation statement penalty  

SECTION 8AAQ (Archive)   AMOUNT OF THE LATE RECONCILIATION STATEMENT PENALTY  

8AAQ(1)   [Penalty payable for each relevant week]  

The late reconciliation statement penalty is payable by a person for each week in the period that:

(a) starts on the day by which the statement, report or form referred to in the provision which makes the person liable to pay the penalty is due to be given to the Commissioner; and

(b) ends on the day before the Commissioner is given the statement, report or form.

8AAQ(2)   [$10 per week up to $200 maximum]  

The penalty is $10 for each week, or part of a week. However, the penalty for a particular statement, report or form cannot exceed $200.