Indirect Tax Legislation Amendment Act 2000 (92 of 2000)

Schedule 9   Administration

Taxation Administration Act 1953

16   After section 288-35 in Schedule 1

Insert:

288-40 Penalty for failing to register or cancel registration

You are liable to an administrative penalty of 20 penalty units if you fail to apply for registration, or to apply for cancellation of registration, as required by the *GST Act.

Note: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

288-45 Penalty for failing to issue tax invoice or adjustment note

(1) You are liable to an administrative penalty of 20 penalty units if you fail to issue a tax invoice as required by section 29-70 of the *GST Act.

(2) You are liable to an administrative penalty of 20 penalty units if you fail to issue an adjustment note as required by section 29-75 of the *GST Act.

Note: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

288-50 Penalty for both principal and agent issuing certain documents

An entity is liable to an administrative penalty of 20 penalty units if both the entity and its agent issue:

(a) separate tax invoices relating to the same taxable supply, contrary to subsection 153-15(2) of the *GST Act; or

(b) separate adjustment notes for the same decreasing adjustment, contrary to subsection 153-20(2) of that Act.

Note: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.