115GVacancy fee liability—requirement to keep records

#### 115G Vacancy fee liability—requirement to keep records Main requirement (1) The person must: (a) keep records, in accordance with subsection (2), that record and explain all transactions and other acts the person engages in that are relevant to the person’s liability for vacancy fees for each dwelling on the land in each vacancy year for the dwelling; and (b) retain those records for at least 5 years after the end of each such vacancy year. Civil penalty: 500 penalty units. Records in English (2) The records must be in English, or readily accessible and easily convertible into English. Exception (3) This section does not require the person to retain a record if: (a) the Commissioner of Taxation notifies the person that the person does not need to retain the record; or (b) the person is a company that has been finally dissolved.