SALES TAX ASSESSMENT ACT 1992 (Repealed)

PART 9 - PENALTIES FOR NON-COMPLIANCE

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SECTION 95A (Repealed by 101 of 2006)   FAILURE TO NOTIFY AMOUNT OF TAX PAYABLE ON ASSESSABLE DEALINGS WITH GOODS  

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95A(1)  [Liability for penalty]  

A taxpayer who fails to notify the amount of tax payable on an assessable dealing with goods in a return on or before the day on which the taxpayer must lodge a return under section 61 is liable to pay the failure to notify penalty on the amount of the tax payable.

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History

S 95A(1) amended by No 178 of 1999, s 3 and Sch 2 items 67 and 68, effective 22 December 1999, by inserting ``the amount of tax payable on'' after ``fails to notify'' and substituting ``the tax payable'' for ``the assessable dealing''.

95A(2)  [Shortfall penalty]  

A taxpayer who notifies the amount of tax payable on an assessable dealing with goods in a return that is less than the correct amount of the tax payable is liable to pay the failure to notify penalty on the amount of the shortfall.

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History

S 95A(2) amended by No 178 of 1999, s 3 and Sch 2 items 69 and 70, effective 22 December 1999, by substituting ``the amount of tax payable on'' for ``an amount of'' and substituting ``the tax payable'' for ``the assessable dealing''.

95A(3)  [Calculation of penalty]  

The failure to notify penalty is payable for each day in the period that:

(a)  started at the beginning of the day by which the taxpayer was required to lodge the return; and

(b)  finishes at the end of the day before the Commissioner receives notification from the taxpayer, or otherwise becomes aware, of the correct amount.

95A(4)  [Interpretation]  

The ``failure to notify penalty'' means the penalty worked out under Division 2 of Part IIA of the Taxation Administration Act 1953.

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History

S 95A inserted by No 11 of 1999, s 3, Sch 1 item 307, effective 1 July 1999.

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