TAXATION ADMINISTRATION ACT 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 12 - Payments from which amounts must be withheld  

Subdivision 12-H - Distributions of withholding MIT income  

Operative provisions

SECTION 12-415   12-415   FAILURE TO GIVE NOTICE OR MAKE INFORMATION AVAILABLE: ADMINISTRATIVE PENALTY  


An entity that:


(a) is required to give a notice, or make details available on a website, under section 12-395 in relation to:


(i) a payment made to another entity; or

(ii) an amount paid or credited to, or dealt with on behalf of or as directed by, another entity; and


(b) fails to comply with that section;

is liable to pay to the Commissioner a penalty equal to the amount that would have been required to be withheld under this Subdivision (disregarding subsection 12-385(5) and paragraph 12-390(10)(b) ) in relation to amounts attributable to the payment or amount if the notice had been given or the details had been made available.

Note:

Division 298 in this Schedule contains machinery provisions for administrative penalties.


 

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