Penalty tax in respect of certain tax defaults
30 Penalty tax in respect of certain tax defaults
If a tax default occurs, the taxpayer is liable to pay penalty tax in addition to the amount of the tax unpaid.
Penalty tax is not payable in respect of a tax default if the
Commissioner is satisfied that the tax default was not a deliberate tax default and did not result, wholly or partly, from any failure by the taxpayer, or a person acting on the taxpayer's behalf, to take reasonable care to comply with the requirements of a taxation law.
Penalty tax imposed under this Division is in addition to interest.
Penalty tax is not payable in respect of a tax default that consists of a failure to pay interest under
Division
1 or a failure to pay penalty tax previously imposed under this Division.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.