Taxation Administration Act 1953
Note: See section 3AA .Chapter 5 - Administration
An entity that fails to:
(a) give a *Division 405 report to the Commissioner as required by section 405-10 ; or
(b) give a *Division 410 report to the Commissioner as required by section 410-10 ; or
(c) verify a supplier ' s *ABN as required by section 415-10 ; or
(d) verify a supplier ' s identity as required by section 417-10 ;
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 contains machinery provisions for administrative and civil penalties.