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Taxation Administration Act 2007
39Penalty tax in respect of certain tax defaults
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39 Penalty tax in respect of certain tax defaults (1) If a tax default occurs, the taxpayer is liable to pay penalty tax. (2) Penalty tax is in addition to: (a) primary tax; and (b) interest. (3) Penalty tax is not payable for a tax default that consists of a failure to pay: (a) interest; or (b) penalty tax previously imposed.