48Requirement to keep proper records

#### 48 Requirement to keep proper records 48 Requirement to keep proper records > > (1) A person must keep, or cause to be kept, such records as are necessary to enable the person’s tax liability under a taxation law to be properly assessed. > > > > Maximum penalty—250 penalty units. > > > (2) This section does not affect a provision of any other taxation law concerning the keeping of records. > > Note. > > A person who is required by a taxation law to keep a record may include other information in the record for the person’s own use. > > **s 48:** Am 2023 No 18, Sch 9\[4\].