56
CurrentDeliberately omitting information
Part 8Record keeping and general offences
56 Deliberately omitting information
A person must not omit from a statement made to a tax officer any matter or thing without which the statement is, to the person’s knowledge, false or misleading in a material particular.
Maximum penalty—
(a)
500 penalty units for a first offence, or
(b)
1,000 penalty units or 2 years imprisonment, or both, for a second or subsequent offence.
Note.
An offence against this section committed by a corporation is an executive liability offence attracting executive liability for a director or other person involved in the management of the corporation—see section 121.
This Act’s bill:Explanatory memorandumSecond reading speech
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