Additional records
49 Additional records
The Chief Commissioner may, by written notice given to a person who is required by a taxation law to keep a record or cause a record to be kept, require the person to keep, or cause to be kept, such additional records as are specified in the notice.
A person who fails to comply with such a notice is guilty of an offence.
Maximum penalty—250 penalty units.
Note.
An offence against subsection (2) committed by a corporation is an executive liability offence attracting executive liability for a director or other person involved in the management of the corporation—see section 121.
This Act’s bill:Explanatory memorandumSecond reading speech
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