Australian Capital Territory Numbered Acts

REVENUE LEGISLATION AMENDMENT ACT 2015 (NO. 49 OF 2015) - SECT 39

substitute

Table 34     Rates of penalty tax

column 1 item	column 2	column 3	column 4
		basic rate	reduced rate
			voluntary disclosure	disclosure before investigation
1	taxpayer took reasonable care	0%	0%	0%
2	circumstances beyond taxpayer's control	0%	0%	0%
		basic rate	reduced rate
			voluntary disclosure	disclosure before investigation
3	•     tax default               •     failure to take reasonable care with reasonable excuse	25%	5%	20%
4	failure to take reasonable care	50%	10%	40%
5	intentional disregard of tax law	75%	15%	60%
6	concealment	90%	90%	90%