Victorian Current Acts

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TAXATION ADMINISTRATION ACT 1997 - SECT 50

Requirement to keep proper records

    (1)     A person must keep, or cause to be kept, all records that are necessary to enable the person's tax liability under a taxation law to be properly assessed.

Penalty:     500 penalty units in the case of a body corporate;

100 penalty units in any other case.

Note to s. 50(1)
inserted by No. 13/2013 s. 46(3).

Note

Section 130B applies to an offence against this subsection.

    (2)     This section does not affect a provision of any other taxation law concerning the keeping of records.



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