Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts7. After section 22EA of the Principal Act the following sections are inserted:
“22EB. (1) Where the owner of a parcel of land—
(a) fails to furnish any information as required by this Act; or
(b) provides any such information, whether orally or in writing, that is false or misleading in a material particular;
the owner is liable to pay, as a penalty, an additional amount equal to double the amount of any land tax payable in respect of that parcel of land.
“(2) The Commissioner shall assess the amount of penalty tax payable by an owner of a parcel of land under subsection (1) and shall, as soon as practicable after making the assessment, give the owner written notice of the assessment and of the due date for payment of the penalty tax.
“22EC. Where the Commissioner is satisfied that it is fair and reasonable that all or part of any penalty tax payable or paid in respect of a parcel of land should be remitted or refunded, the Commissioner may remit or refund the relevant amount to the owner of the parcel of land.”.