TAXATION ADMINISTRATION ACT 1996 - SECT 50 Inclusion of false or misleading information

TAXATION ADMINISTRATION ACT 1996 - SECT 50

50 Inclusion of false or misleading information

A person must not--

(a) make a record required to be made by a taxation law that comprises or contains matter that the person knows is false or misleading in a material particular, or

(b) include in a record required to be made or kept by a taxation law matter that the person knows is false or misleading in a material particular.

: Maximum penalty--

(a) 500 penalty units for a first offence, or

(b) 1,000 penalty units 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.