"The Tribunal is satisfied as earlier discussed that the [taxpayer] by Mr Cormack [its managing director] was reckless and grossly careless in regard to the conduct of its taxation affairs. It showed an indifference to and a disregard of the consequences of its conduct referrable to its taxation position. The conduct of the Applicant with reference to answers given to the tax auditors and tardiness with reference to compliance with a section 65 notice are also here relevant. No remission should be granted."
Tenvoc Properties Pty Ltd and FCT  AATA 529 (AAT, Purvis DP, 20 June 2006).
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