Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
You are liable to an administrative penalty of 20 penalty units if:
(a) a provision of a *taxation law requires you to retain or produce a declaration you made about an agent giving an *approved form to the Commissioner on your behalf; and
(b) you do not retain or produce that declaration in the manner required by that law.
Note: See section 3AA .
Chapter 4 - Generic assessment, collection and recovery rules
PART 4-25
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CHARGES AND PENALTIES
Division 288
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Miscellaneous administrative penalties
SECTION 288-30
288-30
PENALTY FOR FAILURE TO RETAIN OR PRODUCE DECLARATIONS
You are liable to an administrative penalty of 20 penalty units if:
(a) a provision of a *taxation law requires you to retain or produce a declaration you made about an agent giving an *approved form to the Commissioner on your behalf; and
(b) you do not retain or produce that declaration in the manner required by that law.
Note:
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
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