Document ID: chunk:federal_register_of_legislation:C2006C00616:clause:1_8:p6
Version: federal_register_of_legislation:C2006C00616
Segment Type: clause
Provision Reference: sch 1 cl 8 (pt 6/6)
Character Range: 31523–32782

(c) the entity's *current annual turnover worked out at a time in the month in which the return, notice or other document was required to be given is more than $1 million but less than $20 million.

 (4) The *base penalty amount is multiplied by 5 if:
 (a) the entity concerned is a *large withholder for the month when the return, notice or other document was required to be given; or
 (b) the entity's assessable income for the income year in which the return, notice or other document is required to be given is $20 million or more; or
 (c) the entity's *current annual turnover worked out at a time in the month in which the return, notice or other document was required to be given is $20 million or more.

 (5) In working out the *base penalty amount, the amount of a penalty unit is the amount applying at the start of the relevant 28 day period.

 (6) The fact that you have not yet lodged the relevant return, notice or other document does not prevent the Commissioner notifying you that you are liable to an administrative penalty under this Subdivision. That penalty may be later increased under this section.

Note: The Commissioner is required to notify you of an administrative penalty: see section 298‑10.

[The next Division is Division 288.]