Shortfall penalty for not taking reasonable care - fact sheet

IS 26/04 FS 1

Issued

27 Mar 2026

This fact sheet accompanies interpretation statement IS 26/04: Shortfall penalty for not taking reasonable care, which explains the meaning of “reasonable care” for the shortfall penalty for not taking reasonable care in s 141A of the Tax Administration Act 1994.

IS 26/04 FS 1: Shortfall penalty for not taking reasonable care - fact sheet

pdf - 359.59 KB - 5 pages

Related Publications

Title	Type	Date
Shortfall penalty for not taking reasonable care	Interpretation statements	March 2026