60Keeping records

### 60 Keeping records > > (1)  A person must keep, or cause to be kept, all records that are necessary to enable the person's tax liability under a taxation law to be properly assessed. > > > > Penalty:  In the case of – > > > > > > (a) a body corporate, a fine not exceeding 500 penalty units; or > > > > > > > (b) in any other case, a fine not exceeding 100 penalty units. > > > (2)  [Subsection (1)](#GS60@Gs1@EN) does not affect a provision of any other taxation law concerning the keeping of records. > > > (3)  The Commissioner, by written notice to a person who is required to keep a required record or cause a required record to be kept, may require the person to keep, or cause to be kept, additional records specified in the notice. > > > (4)  A person must comply with a notice under [subsection (3)](#GS60@Gs3@EN) . > > > > Penalty:  In the case of – > > > > > > (a) a body corporate, a fine not exceeding 500 penalty units; or > > > > > > > (b) in any other case, a fine not exceeding 100 penalty units.