Provides the basis for rewarding a person whose information leads to tax or penalty collection.
What should you do now?Retain the report reference and evidence and follow the competent authority's reward process.
What does this Article provide?
Provides the basis for rewarding a person whose information leads to tax or penalty collection.
This is a verified plain-language summary. The binding full text remains in the official Regulations file linked below.
What does the Article mean in plain language?
The Article concerns rewards for contributing to discovery of a breach or offence resulting in collection under its conditions. A report does not instantly create a fixed debt to the informant. Establish the contribution, collection outcome and competent authority's process. Submit accurate information through official channels.
For historical review and commencement; some provisions no longer describe a current filing step.
Retain the report reference and evidence and follow the competent authority's reward process.
How can this rule appear in practice?
Information prompting an audit without an established breach or collection is not automatically a reward entitlement.
The example is explanatory; it is not an NBR case or a binding result for a specific fact pattern.Promising a guaranteed reward merely for submitting a report.
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Is this commentary enough for a final decision?
No. Use it to understand and route the issue, then match the facts against official legislation, amendments and current guidance, obtaining specialist advice for material amounts, deadlines or penalties.
Why are several sources listed?
The Law states the rule, the Regulations detail procedure and the guide explains portal operation. None replaces the others.
What is the first fact I need?
Retain the report reference and evidence and follow the competent authority's reward process.