Taxation Administration Act 1953
18‑100 Obligation to keep payment summar18‑100 Obligation to keep payment summary
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18‑100 Obligation to keep payment summary
(1) An entity that is given a *payment summary and a copy of it in any financial year under this Part must retain the copy for: (a) 5 years after the end of that financial year; or (b) a shorter period determined by the Commissioner in writing for the entity; or (c) a shorter period determined by the Commissioner by legislative instrument for a class of entities that includes the entity. (1AA) A determination under paragraph (1)(c) may specify different periods for different classes of entities. (1A) An offence under subsection (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.