Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 28.155

Retaining odometer records

  (1)   You must retain your odometer records relating to the period when you * held the * car in the income year.

  (2)   If you keep a log book for the income year, you must retain the odometer records for the same period as the log book, and section   28 - 150 applies to them in the same way as it applies to the log book.

  (3)   If you don't keep a log book for the income year, you must retain the odometer records for the same period as written evidence of a * car expense for the * car for the income year, and section   900 - 75 applies to them in the same way as it applies to written evidence of an expense.

Note:   Section   900 - 75 is about retaining written evidence of a car expense.



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