Penalties for corporations
8ZF Penalties for corporations
Where a corporation is convicted of:
a taxation offence (other than a prescribed offence) that, if committed by a natural person, is punishable by imprisonment; or
a prescribed offence to which subsection 8E(3) or 8R(2) applies;
the penalty that the court before which the corporation is convicted may impose is a fine not exceeding 5 times the maximum fine that, but for this section, the court could impose as a penalty for the taxation offence.
This provision refers to the regulations (prescribed offence
). Made under this Act:
- Taxation Administration Regulations 2017 · under s 18
11 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Second reading speech
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