Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_2:p10
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 10/16)
Character Range: 1342974–1345890

penalty for over declaring conduit foreign income
288‑85 Failure by Reporting Financial Institution to obtain self‑certification
288‑95 Failing to comply etc. with release authority
288‑100 Excess money paid under release authority
288‑105 Superannuation provider to calculate crystallised pre‑July 83 amount of superannuation interest by 30 June 2008
288‑110 Contravention of superannuation data and payment regulation or standard
288‑115 AMIT under or over resulting from intentional disregard of or recklessness as to taxation law
288‑120 Prohibited offsets of liabilities using interest etc. accrued on farm management deposits
288‑125 Producing or supplying electronic sales suppression tools
288‑130 Possessing electronic sales suppression tools
288‑135 Incorrectly keeping records using electronic sales suppression tools
288‑140 Penalty for failing to publish information on time

288‑10  Penalty for non‑electronic notification
  An entity that:
 (a) under subsection 31‑25(2) of the *GST Act, is required to *lodge a *GST return electronically; or
 (aa) under subsection 45‑20(2A) in this Schedule, is required to give a notification electronically; or
 (b) under section 388‑80 in this Schedule, is required to notify another *BAS amount electronically;
but lodges, gives or notifies it in another way, is liable to an administrative penalty of 5 penalty units.
Note 1: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
Note 2: Division 298 contains machinery provisions for administrative and civil penalties.

288‑20  Penalty for non‑electronic payment
  An entity that:
 (a) under subsection 33‑10(2) of the *GST Act, is required to pay an *assessed net amount for a tax period electronically; or
 (b) under section 8AAZMA, or section 45‑72 in this Schedule, is required to pay an amount electronically;
but pays it another way, is liable to an administrative penalty of 5 penalty units for each payment of one or more such amounts.
Note 1: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.
Note 2: Division 298 contains machinery provisions for administrative and civil penalties.

288‑25  Penalty for failure to keep or retain records
 (1) You are liable to an administrative penalty of 20 penalty units if:
 (a) a provision of a *taxation law requires you to keep or retain a record; and
 (b) you do not keep or retain that record in the manner required by that law.
 (2) Subsection (1) does not apply to:
 (a) documents required to be retained under Part X of the Fringe Benefits Tax Assessment Act 1986 (about statutory evidentiary documents); or
 (b) documents required to be kept or retained under Division 900 of the Income Tax Assessment Act 1997 (about substantiation of expenses); or
 (c) if you are given a *tax‑records education direction—documents to which a record‑keeping failure specified in the direction relates, unless you