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 288-110   CONTRAVENTION OF SUPERANNUATION DATA AND PAYMENT REGULATION OR STANDARD  

Liability to penalty - RSA providers and trustees of eligible superannuation entities

288-110(1)  
An entity is liable to an administrative penalty if the entity contravenes:


(a) subsection 34M(1) of the Superannuation Industry (Supervision) Act 1993 ; or


(b) subsection 45D(1) of the Retirement Savings Accounts Act 1997 .

288-110(2)  
An entity is liable to an administrative penalty if the entity contravenes:


(a) subsection 34P(6) of the Superannuation Industry (Supervision) Act 1993 ; or


(b) subsection 45F(6) of the Retirement Savings Accounts Act 1997 . Liability to penalty - employers

288-110(3)  
An entity is liable to an administrative penalty if the entity contravenes:


(a) subsection 34N(1) of the Superannuation Industry (Supervision) Act 1993 ; or


(b) subsection 45E(1) of the Retirement Savings Accounts Act 1997 .

288-110(4)  
An entity is liable to an administrative penalty if the entity contravenes:


(a) subsection 34Q(6) of the Superannuation Industry (Supervision) Act 1993 ; or


(b) subsection 45G(6) of the Retirement Savings Accounts Act 1997 . Amount of the penalty

288-110(5)  
The amount of the penalty is:


(a) for an administrative penalty under subsection (1) or (3) - 4 penalty units; or


(b) for an administrative penalty under subsection (2) or (4) - 10 penalty units.

Note:

The Commissioner is required to notify you of an administrative penalty: see section 298-10 .




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