DUTIES ACT 2000 - SECT 215 Lodgement of statement of dutiable value

DUTIES ACT 2000 - SECT 215

    (1)     A person who is required by law to make or lodge an application for registration or transfer of registration of a motor vehicle under the Road Safety Act 1986 must lodge with the application a statement of the dutiable value of the motor vehicle, unless the application is not chargeable with duty under this Chapter.

S. 215(2) substituted by No. 30/2002 s. 9(1).

    (2)     A person who knowingly states in a statement of dutiable value a value that is less than the dutiable value of the motor vehicle is liable to a penalty of an amount equal to double the difference between the amount of duty payable on the correct dutiable value and the amount of duty paid.

S. 215(3) inserted by No. 30/2002 s. 9(1).

    (3)     The penalty imposed by subsection (2) is in addition to any penalty tax and interest payable under the Taxation Administration Act 1997 .

S. 215(4) inserted by No. 30/2002 s. 9(1).

    (4)     Section 52 of the Taxation Administration Act 1997 does not apply to the statement of dutiable value.

S. 215(5) inserted by No. 30/2002 s. 9(1).

    (5)     The Commissioner, in such circumstances as the Commissioner considers appropriate, may remit the penalty imposed by subsection (2) by any amount.