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 288-30   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.