Sch 2 s 205Compliance with substantiation notices

205 Compliance with substantiation notices

(1) A person commits an offence if the person:

(a) is given a substantiation notice; and

(b) refuses or fails to comply with it within the substantiation notice compliance period for the notice.

Penalty:

(a) if the person is a body corporate—$16,500; or

(b) if the person is not a body corporate—$3,300.

(2) Subsection (1) does not apply if:

(a) the person is an individual; and

(b) the person refuses or fails to give particular information or produce a particular document in compliance with a substantiation notice; and

(c) the information, or production of the document, might tend to incriminate the individual or to expose the individual to a penalty.

(3) Subsection (1) is an offence of strict liability.