Higher Penalties for Taxation Administration Breaches

Revenue, Fines and Other Legislation Amendment Bill 2023

1st House

2nd House

Law

Effects of this bill

If this bill passes, it means that:

Fines jump from 100 to 500 penalty units for taxation administration breaches
Applicants for unclaimed money can now lodge objections to the Chief Commissioner's determinations; they can also apply to the Supreme Court for a review of those decisions
Work and development orders can now be made for people living outside New South Wales
One specific land tax exemption is removed
Payroll tax grouping schemes are now classified as tax avoidance schemes
The time limit for lodging objections now includes property tax for first home buyer choices
The Fines Act now clarifies when a person driving a vehicle or vessel is not liable to pay a penalty reminder notice

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