Victorian Current Acts

TAXATION ADMINISTRATION ACT 1997 - SECT 43

    (1)     If an approval is given under this Division 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.

Penalty:     100 penalty units in the case of a body corporate;

20 penalty units in any other case.

    (2)     If—

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

        (b)     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.

Penalty:     100 penalty units in the case of a body corporate;

20 penalty units in any other case.

    (3)     However, if the provisions of a taxation law from which a taxpayer is exempted by an approval under this Division 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.

Note to s. 43 inserted by No. 13/2013 s. 46(1).

Note

Section 130B applies to an offence against subsection (1) or (2).

S. 43A inserted by No. 79/2000 s. 285(Sch. 1 item 6.4).