First Home Saver Accounts (Consequential Amendments) Act 2008 (45 of 2008)

Schedule 1   Main taxation related amendments

Taxation Administration Act 1953

64   After subsection 286-75(2A) in Schedule 1

Insert:

(2B) You are also liable to an administrative penalty if:

(a) you are required under Division 391 to give a statement to an entity (other than the Commissioner) in the *approved form by a particular day; and

(b) you do not give the statement in the approved form to the entity by that day.

(2C) You are also liable to an administrative penalty if:

(a) you are required under section 20 of the First Home Saver Accounts Act 2008 to give a notice to an entity in the *approved form by a particular day; and

(b) you do not give the notice in the approved form to the entity by that day.