Taxation Administration Act 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
An *exempt Australian government agency that:
(a) fails to withhold an amount as required by Division 12 ; or
(b) fails to pay to the Commissioner an amount as required by Division 14 ;
is liable to pay to the Commissioner a penalty of 20 penalty units.
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
Division 298 in this Schedule contains machinery provisions for administrative and civil penalties.
(Repealed by No 179 of 1999) Exception 16-35(4)
This section does not apply in relation to an *amount required to be withheld from a *withholding payment covered by Subdivision 12-F (about dividend, interest or royalty payment) or by Subdivision 12-FB (about payments to foreign residents).