Commonwealth Consolidated Acts

TAX AGENT SERVICES ACT 2009 - SECT 50.20

    You contravene this section if:

  (a)   you are a * registered tax agent or BAS agent; and

  (b)   you:

  (i)   make a statement to the Commissioner; or

  (ii)   prepare a statement that you know, or ought reasonably to know, is likely to be made to the Commissioner by an entity; or

  (iii)   permit or direct an entity to do a thing mentioned in subparagraph   (i) or (ii); and

  (c)   you know, or are reckless as to whether, the statement:

  (i)   is false, incorrect or misleading in a material particular; or

  (ii)   omits any matter or thing without which the statement is misleading in a material respect.

Civil penalty:

  (a)   for an individual--250 penalty units; and

  (b)   for a body corporate--1,250 penalty units.

Note 1:   Subdivision   50 - C of this Act and Subdivision   298 - B of Schedule   1 to the Taxation Administration Act 1953 determine the procedure for obtaining a civil penalty order against you.

Note 2:   In some circumstances, it is an offence to recklessly make a false or misleading statement under sections   8K and 8N of the Taxation Administration Act 1953 .