Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) A person who is required pursuant to a tax law to keep any accounts, accounting records or other records shall not recklessly or knowingly keep them in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate.
Penalty: 50 penalty units or imprisonment for 6 months, or both.
(2) A person who is required pursuant to a tax law to make a record of any matter, transaction, act or operation shall not recklessly or knowingly make it in such a way that it does not correctly record the matter, transaction, act or operation.
Penalty: 50 penalty units or imprisonment for 6 months, or both.