Document ID: chunk:federal_register_of_legislation:C2024A00065:clause:1_22l
Version: federal_register_of_legislation:C2024A00065
Segment Type: clause
Provision Reference: sch 1 cl 22L
Character Range: 64880–65528

22L  False representations in relation to fast small business payers
  An entity that is a reporting entity or a reporting nominee is liable to a civil penalty if:
 (a) the entity does an act or omits to do an act; and
 (b) the act or omission results in, or is reasonably capable of resulting in, a representation that the entity:
 (i) is a fast small business payer; or
 (ii) has a qualifying payment time of 20 days or less; and
 (c) at the time the act or omission results in, or is reasonably capable of resulting in, the representation, the entity is not included in the list of fast small business payers.
Civil penalty: 200 penalty units.