In case, you have an overdue tax return for any of the previous years, then it is important that you lodge the same without any further delay. Lodging overdue tax returns attract penalty from the AO which may range from $210 to $1,050 for a small entity.
For filing an overdue tax return, you need to appoint a tax return accountant as it can’t be filed by an individual on his own. You can also communicate with the ATO to request for remission of the penalty. The ATO may at his discretion allow the remission of the penalty based on the facts and the amount of penalty.
Auditax has a team of tax return accountants who could help you file your overdue tax returns for the prior years and get in touch with the ATO on your behalf for the remission of penalties.