Australian Capital Territory Taxation (Administration) Act 1969
96Books, accounts etc.
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96 Books, accounts etc.
(1) For the purposes of this Act, a broker, or a person registered under Division 4 or 6 of Part III, shall: (a) keep books and accounts in the English language recording particulars of all matters in relation to which tax is imposed; (b) preserve those books and accounts for a period of 3 years after the completion of those matters; and (c) preserve any documents or papers relating to those matters, including copies of instruments, for a period of 3 years after the completion of those matters.
Penalty: $2,000
(2) This section does not require the preservation by a person of books, accounts, documents, papers or copies of instruments: (a) in respect of which the Commissioner has notified the person that their preservation is not required; or (b) of a company that has been wound‑up.