General penalty applies where a GST contravention lacks a specific penalty, permitting imposition of a prescribed maximum sanction. A general penalty provision makes any contravention of the Act or its rules, for which no separate penalty is provided, subject to a stated maximum ... Summary
General penalty applies where a GST contravention lacks a specific penalty, permitting imposition of a prescribed maximum sanction.
A general penalty provision makes any contravention of the Act or its rules, for which no separate penalty is provided, subject to a stated maximum monetary penalty; it functions as a residual enforcement mechanism to ensure contraventions not otherwise penalised under the statute may attract a sanction.
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