Victorian Current Acts

DUTIES ACT 2000 - SECT 21C

    (1)     A transferor who is required to keep a record under section 21B must retain the record for not less than 5 years after—

        (a)     the date it was made or obtained; or

        (b)     the date on which the dutiable transaction occurred—

whichever is the later.

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

100 penalty units in any other case.

Note to
s. 21C(1) inserted by No. 13/2013 s. 56(2).

Note

Section 130B of the Taxation Administration Act 1997 applies to an offence against this subsection.

    (2)     Subsection (1) does not apply to a transferor if the Commissioner authorises them in writing to destroy the record before the end of the 5-year period.

S. 21D inserted by No. 31/2008 s. 4.