Topic: Previous Strata Manager failed to lodge BAS and tax returns – now hit with penalties – FLAT CHAT

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25/07/2014 at 10:19 pm #9611 Reply | Quote
jeff.f
Our Executive Committee recently received a notice from the ATO informing us that one of our previous strata managers had failed to lodge 2 Business Activity Statements and our previous year’s income tax return. As a result, the scheme has been hit with a $850 “failure to lodge” penalty and a stern letter threatening an ATO audit.

It also appears from the extract of our scheme’s ATO Running Balance Account provided by our current strata manager that that same previous strata manager had been lodging our BAS late, and we had been incurring general interest charge as a result.

Luckily we have a couple Committee members who work as tax professionals/lawyers who can step in to explain our case and negotiate with the ATO for remission of penalties and interest charged.

However, our main concern is whether we have any recourse against our previous strata manager if we can’t get these penalties/interest remitted (e.g. a complaint to Fair Trading?) Surely failiing to lodge a strata plan’s BAS’s and tax returns (which is business as usual) is a hangable offence!

Has anyone experienced this before, or have any suggestions on action we can take against our previous strata manager?
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Reply To: Reply #22063 in Previous Strata Manager failed to lodge BAS and tax returns – now hit with penalties

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