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MotorCycle Holdings Uncovers $3.5M Duty Underpayment, Seeks Penalty Relief
9:21am on Thursday 13th of November, 2025 AEDT
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MotorCycle Holdings Uncovers $3.5M Duty Underpayment, Seeks Penalty Relief
9:21am on Thursday 13th of November, 2025 AEDT
Key Points
Underpayments of $2.5M to $3.5M identified since 2016
Potential interest charges estimated between $1.1M and $1.5M
Voluntary disclosure made to revenue authorities across all states and territories
Penalties could range from nil to 25% due to proactive self-reporting
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