52Failure to give information

52 Failure to give information

52 Failure to give information

(1) A person liable for property tax who fails to give information as required by this Act or as reasonably required by the Chief Commissioner for the purposes of this Act is taken to have committed a tax default for the purposes of the Taxation Administration Act 1996, Part 5.

(2) For the tax default—

(a) the interest payable in accordance with that Part accrues on the amount of unpaid property tax for the relevant period, and

(b) penalty tax is payable in accordance with that Part on the amount of unpaid property tax.

(3) In this section—

relevant period means the period—

(a) commencing on the last day permitted for giving the information, and

(b) ending on the earlier of—

(i) the day on which the information is given, or

(ii) the day on which the assessment calculated on the basis of the information is made, or

(iii) the day on which the property tax payable by the person is paid in full.