Taxation Administration Act 1953

PART III - PROSECUTIONS AND OFFENCES  

Note:

Subsection 2(2) specifies laws that are not taxation laws for the purposes of this Part.

Division 3 - Prosecution of taxation offences  

SECTION 8ZF  

8ZF   PENALTIES FOR CORPORATIONS  

Where a corporation is convicted of:

(a) a taxation offence (other than a prescribed offence) that, if committed by a natural person, is punishable by imprisonment; or

(b) a prescribed offence to which subsection 8E(3) or 8R(2) applies,

the penalty that the court before which the corporation is convicted may impose is a fine not exceeding 5 times the maximum fine that, but for this section, the court could impose as a penalty for the taxation offence.