CTHRepealedLegislation
Private Ancillary Fund Guidelines 2009
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accounts
- The trustee must keep, or cause to be kept, proper accounts in respect of all receipts and payments of the fund and all financial dealings connected with the fund, and must retain those accounts for a period of at least 5 years after the completion of the transactions or acts to which they relate.
Note: See also Subdivision 382-B in Schedule 1 to the Taxation Administration Act 1953 for rules about record keeping obligations of deductible gift recipients.
PENALTY: 10 penalty units.
- The trustee must make the accounts available to the Commissioner upon request.
PENALTY: 10 penalty units.