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  • Penalties

    A purchaser that fails to withhold as required and pay it to us may be subject to a penalty equal to:

    • $1,800 for contracts entered into on or after 1 July 2016 but before 1 July 2017
    • $2,100 for contracts entered into on or after 1 July 2017
    • the amount they failed to withhold.

    We are obliged to give written notice to the purchaser of their liability to pay the penalty and the reasons for imposing the penalty.

    The purchaser will also be subject to the general interest charge on any amounts not paid to us by the required date.

      Last modified: 23 Apr 2019QC 48972