Taxation Administration Act 1953
Note: See section 3AA .Chapter 4 - Generic assessment, collection and recovery rules
An entity is liable to an administrative penalty of 20 penalty units if both the entity and its agent issue:
(a) separate tax invoices relating to the same taxable supply, contrary to subsection 153-15(2) of the *GST Act; or
(b) separate adjustment notes, or third party adjustment notes, for the same decreasing adjustment, contrary to subsection 153-20(2) of that Act.
See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
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