Income Tax Assessment Act 1997
You cannot deduct under this Act:
(a) an amount (however described) payable, by way of penalty, under an * Australian law or a * foreign law; or
(b) an amount ordered by a court to be paid on the conviction of an entity for an offence against an * Australian law or a * foreign law. 26-5(2)
This section does not apply to an amount payable, by way of penalty, under Subdivision 162-D of the * GST Act.
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