SP1 southern cross payments ltd

ISX off-topic thread, page-3262

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    “the penalties are determined on a sliding scale based on the level of non-compliance (in the ATO's view):- 25% failure to take reasonable care- 50% recklessness- 75% intentional disregard.”

    as I said decided by the ATO and completely subjective. Why wouldn’t you take them to court. Would much rather a independent judge deciding what the penalty element should be and not the ATO (who are no doubt trying to help out their friends ASIC).
    Last edited by Rodeoshow: 23/11/21
 
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