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 288-50   288-50   PENALTY FOR BOTH PRINCIPAL AND AGENT ISSUING CERTAIN DOCUMENTS  


An entity is liable to an administrative penalty of 20 penalty units if both the entity and its agent issue:


(a) separate tax invoices relating to the same taxable supply, contrary to subsection 153-15(2) of the *GST Act; or


(b) separate adjustment notes, or third party adjustment notes, for the same decreasing adjustment, contrary to subsection 153-20(2) of that Act.




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