A New Tax System (Goods and Services Tax) Act 1999

165-80 Penalty  
(1)
The avoider mentioned in section 165-5 must pay the Commonwealth a penalty.

(2)
The amount of the penalty is worked out as follows:

Method statement

Step 1. For each tax period for which a declaration under section 165-40 states as the avoider's *net amount, an amount exceeding the amount that would be the avoider's *net amount apart from the statement, work out the excess.

Step 2. For each *taxable importation (or event stated by the declaration to be a *taxable importation) for which the declaration states as the amount of GST, an amount exceeding the amount that would be the amount of GST apart from the statement, work out the excess.

Step 3. Total all the excesses worked out under Steps 1 and 2.

Step 4. Double the total from Step 3.

(3)
The penalty is in addition to any payment the avoider must make apart from this section.

(4)
Part VI of the Taxation Administration Act 1953 applies to the penalty in the same way as it applies to penalty an entity is liable to pay under that Part.

Note:

That Part deals with remission, notice, payment and recovery of penalty (among other things).