Pay-roll Tax (Territories) Assessment Act 1971
67Books, accounts etc. to be preserved
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67 Books, accounts etc. to be preserved
(1) A person who is an employer registered or required to be registered under this Act shall, for the purposes of this Act, keep books or accounts in the English language, and shall preserve those books or accounts for a period of not less than 5 years after the completion of the transactions to which they relate.
Penalty: $2,000.
(2) This section does not apply so as to require the preservation of any books, accounts or documents: (a) in respect of which the Commissioner has notified the employer that such preservation is not required; or (b) of a company that has gone into liquidation and has been finally dissolved.