288-30
CurrentPenalty for failure to retain or produce declarations
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 4Generic assessment, collection and recovery rules
Part 4-25Charges and penalties
Division 288Miscellaneous administrative penalties
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.
This Act’s bill:Second reading speech
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