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 288-20   288-20   PENALTY FOR NON-ELECTRONIC PAYMENT  


An entity that:


(a) under subsection 33-10(2) of the *GST Act, is required to pay an *assessed net amount for a tax period electronically; or


(b) under section 8AAZMA , or subsection 16-85(1) or section 45-72 in this Schedule, is required to pay an amount electronically;

but pays it another way, is liable to an administrative penalty of 5 penalty units for each payment of one or more such amounts.

Note 1:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

Note 2:

Division 298 contains machinery provisions for administrative and civil penalties.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.