Part 5—Interest and penalty tax 22 Division 1—Interest 22 24 Interest in respect of tax defaults 22 25 Interest rate 22 26 Minimum amount of interest 23 27 Interest rate to prevail over interest otherwise payable on a judgment debt 23 28 Remission of interest 23 Division 2—Penalty tax 23 29 Penalty tax in respect of certain defaults 23 30 Amount of penalty tax 24 31 Reduction in penalty tax for disclosure before or during investigation 25 32 Increase in penalty tax for concealment 26 33 Minimum amount of penalty tax 26 34 Time for payment of penalty tax 27 35 Remission of penalty tax 27 Part 6—Returns 28 Division 1—General 28 36 Form of returns 28 37 Time of lodgment 28 38 Extending time or period for lodgment 28 Division 2—Approval of special tax return arrangements 28 39 Approval of special tax return arrangements 28 40 Application for approval 29 41 Conditions of approval 29 42 Gazettal or service of notices 30 43 Effect of approval 30 43A Stamping of instruments 31 Part 7—Collection of tax 32 44 Tax payable to the Commissioner 32 45 Recovery of tax 32 46 Contributions from joint taxpayers 32 47 Collection of tax from third parties 32 48 Indemnification of third party 34 49 Arrangements for payment of tax 34 49A Order for tax agent to account for tax 35 Part 8—Record keeping and general offences 36 50 Requirement to keep proper records 36 51 Additional records 36
Part 5—Interest and penalty tax 22 Division 1—Interest 22 24 Interest in respect of tax defaults 22 25 Interest rate 22 26 Minimum amount of interest 23 27 Interest rate to prevail over interest otherwise payable on a judgment debt 23 28 Remission of interest 23 Division 2—Penalty tax 23 29 Penalty tax in respect of certain defaults 23 30 Amount of penalty tax 24 31 Reduction in penalty tax for disclosure before or during investigation 25 32 Increase in penalty tax for concealment 26 33 Minimum amount of penalty tax 26 34 Time for payment of penalty tax 27 35 Remission of penalty tax 27 Part 6—Returns 28 Division 1—General 28 36 Form of returns 28 37 Time of lodgment 28 38 Extending time or period for lodgment 28 Division 2—Approval of special tax return arrangements 28 39 Approval of special tax return arrangements 28 40 Application for approval 29 41 Conditions of approval 29 42 Gazettal or service of notices 30 43 Effect of approval 30 43A Stamping of instruments 31 Part 7—Collection of tax 32 44 Tax payable to the Commissioner 32 45 Recovery of tax 32 46 Contributions from joint taxpayers 32 47 Collection of tax from third parties 32 48 Indemnification of third party 34 49 Arrangements for payment of tax 34 49A Order for tax agent to account for tax 35 Part 8—Record keeping and general offences 36 50 Requirement to keep proper records 36 51 Additional records 36
97-40a058.docx