NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 27. Contingent liabilities (cont’d) The directors, upon consultation with their tax advisors, are of the view that ATO will reduce the penalty amount as this is the Group’s first infringement. Based on the tax advisors’ previous experience of dealing with the ATO on similar matters, it is probable that the Group may be liable for a penalty of AUD150,000 (equivalent to RM459,000) for failure to lodge BAS on time. It is also probable that the Group will have no further penalties relating to non-disclosure of its status as an SGE and late lodgements of GPFS from 2016 to 2020 under a prompt voluntary disclosure. Based on the above, management recognised a provision of RM459,000 based on their best estimate of the probable outcome as at the reporting date. 28. Capital commitments Group Fund 2021 2020 2021 2020 RM RM RM RM Capital expenditure - authorised but not contracted for 296,000,000 - 296,000,000 - AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 20201 198
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