TAXATION ADMINISTRATION ACT 1953 (ARCHIVE)

PART IIA - THE GENERAL INTEREST CHARGE  

Division 2 - The failure to notify penalty  

SECTION 8AAK (Archive)   AMOUNT OF THE FAILURE TO NOTIFY PENALTY  

8AAK(1)   [Amount payable on days specified]  

The failure to notify penalty on an amount is payable by a person for each day in the period that is specified in the provision which makes the person liable to pay the penalty.

8AAK(2)   [8% rate]  

The penalty on an amount is worked out at the rate of 8% per annum of the amount.