Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT ACT 1984No. 123, 1984 - SECT 134

134. Section 221YDB of the Principal Act is amended-

   (a)  by omitting from sub-section (1) ", by way of additional tax, an
        amount equal to 10%" and substituting "additional tax, by way of
        penalty, equal to 20%"; and

   (b)  by inserting after sub-section (1A) the following sub-sections:

"(1B) Where a taxpayer becomes liable to pay to the Commissioner an amount of
additional tax under sub-section (1), the Commissioner shall serve on the
taxpayer notice in writing specifying-

   (a)  the amount of additional tax; and

   (b)  a date as the due date for payment of the additional tax, being a date
        not less than 14 days after the day of service of the notice.

"(1C) Nothing in this Act shall be taken to preclude notice under sub-section
(1B) given in respect of a taxpayer from being incorporated in notice of an
assessment made in respect of the taxpayer under this Act.".