Taxation Administration Act 1996

If an approval is given under this Part to a specified taxpayer or taxpayers of a specified class, the conditions of the approval are binding on that taxpayer or the taxpayers of that class and that taxpayer or a taxpayer of that class is guilty of an offence if any of the conditions is contravened. Maximum penalty: Maximum penalty: $10 000.

If—

an approval is given under this Part to a specified agent on behalf of a specified taxpayer or taxpayers of a specified class; and

the agent acts on behalf of that taxpayer or a taxpayer of that class in relation to a matter to which the approval applies, the conditions of the approval are binding on the agent and the taxpayer and the agent and the taxpayer are each guilty of an offence if any of the conditions is contravened in relation to that matter. Maximum penalty: Maximum penalty: $10 000.

However, if the provisions of a taxation law from which a taxpayer is exempted by an approval under this Part are complied with in relation to a matter, subsections (1) and (2) do not apply to the taxpayer or an agent of the taxpayer in relation to that matter.