The Act Part 6 – Tax Returns, Enquiries and Assessments Defence of unjustified enrichment Section 112 – Reimbursement arrangements: penalties
154.This section provides that regulations made under section 111 may make provision for penalties to be imposed where an obligation by virtue of subsection 111(4) is breached. Regulations may set out circumstances in which a penalty is payable, the amounts payable, and other arrangements for penalties, which may be different for different taxes. The regulations may not create criminal offences.