Queensland Consolidated Acts

TAXATION ADMINISTRATION ACT 2001 - SECT 114

114 Requirement to keep proper records

(1) A person must keep the records necessary to enable the person’s tax law liability to be ascertained.

Penalty—

Maximum penalty—100 penalty units.

(2) For subsection (1) , the commissioner may, by written notice given to a person, require the person to keep a particular record stated in the notice for a stated revenue law.

(3) The person must not fail, without reasonable excuse, to comply with the notice.

Penalty—

Maximum penalty—100 penalty units.

(4) A person who, under a notice given under a revenue law, is required to keep a stated record must comply with the requirement.

Penalty—

Maximum penalty—100 penalty units.