Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 4 - Generic assessment, collection and recovery rules  

PART 4-25 - CHARGES AND PENALTIES  

Division 288 - Miscellaneous administrative penalties  

SECTION 288-140   PENALTY FOR FAILING TO PUBLISH INFORMATION ON TIME  

288-140(1)    
You are liable to an administrative penalty if:

(a)    you are required under subsection 3D(3) or 3DB(2) to publish information by giving a document containing the information to the Commissioner in the *approved form by a particular day; and

(b)    you do not publish the information by giving the document to the Commissioner in the approved form by that day.

288-140(2)    
The amount of the penalty is 500 penalty units for each period of 28 days or part of a period of 28 days:

(a)    starting on the day mentioned in paragraph (1)(a) ; and

(b)    ending when you publish the information by giving the document to the Commissioner in the approved form;

up to a maximum of 2,500 penalty units.

Note:

Division 298 contains machinery provisions for administrative penalties.