41Contravention of approval

#### 41 Contravention of approval 41 Contravention of approval > > (1) An approval holder must not fail to comply with the conditions of a special arrangement. > > > > Maximum penalty—250 penalty units. > > > (2) A person does not commit an offence against subsection (1) for a failure to comply with the conditions of a special arrangement in relation to a particular tax liability if the provisions of the taxation law under which it is levied (disregarding the special arrangement) are complied with in relation to that tax liability. > > > (3) Subsection (2) does not apply in relation to a tax liability for a transaction or class of transactions if the approval holder has been directed under section 39A to pay tax in respect of the transaction or class of transactions in accordance with the special arrangement. > > Note. > > An offence against subsection (1) committed by a corporation is an executive liability offence attracting executive liability for a director or other person involved in the management of the corporation—see section 121. > > **s 41:** Am 2012 No 97, Sch 1.40 \[2\]. Subst 2014 No 67, Sch 2 \[6\]. Am 2023 No 18, Sch 9\[4\].