Superannuation Guarantee (Administration) Act 1992

PART 7 - PENALTY FOR LATE OR NON-PAYMENT OF SUPERANNUATION GUARANTEE CHARGE  

SECTION 59E   AMENDING PENALTY ASSESSMENTS  

59E(1)    
The Commissioner must not remit all or a part of the penalty set out in a penalty assessment.

59E(2)    
However, the Commissioner must amend a penalty assessment if:

(a)    a liability under this Act to pay an amount relevant to the penalty assessment is reduced (including to nil) or ceases to exist; or

(b)    the amount of the penalty set out in the penalty assessment is reduced to nil because of a determination made under subsection 18C(4) .

Note:

A determination under subsection 18C(4) may cover an employer for a period starting before the determination is made.

59E(3)    
The amount of penalty payable under the amended penalty assessment is to be worked out in a manner consistent with subsection 59C(2) .