Northern Territory Numbered Acts

REVENUE (BUDGET INITIATIVES) AMENDMENT ACT 2007 (NO 12 OF 2007) - SECT 15

Section 126(1)

omit , substitute

    (1)     A person registered (or formerly registered) under this Act must:

    (a)     keep proper books and accounts in the English language containing full particulars of the matters on which duty is (or was) imposed; and

    (b)     preserve those books and accounts for 5 years after the completion of those matters; and

    (c)     preserve any documents or papers relating to those matters (including copies of instruments) for 5 years after the completion of those matters.

Maximum penalty:     100 penalty units.