penalty units in any other case.
120 penalty units in any other case.
S. 10(1A) inserted by No. 28/2017 s. 81(2).
A person does not commit an offence against subsection (1) if the person has a reasonable excuse for failing to ensure the information required by that subsection was included in—
the instrument; or
a statement produced together with the instrument prior to the payment of tax.
S. 10(2) amended by No. 28/2017 s. 81(3).
A taxpayer and any tax agent of a taxpayer must ensure that there is included in a return required to be lodged with the Commissioner under a taxation law, in addition to the information required under that taxation law, any further information necessary for a proper assessment of the tax liability of the taxpayer in respect of the return or the matters to which the return relates.
Penalty: 600 penalty units in the case of a body corporate;
This Act’s bill:Second reading speech
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