57Requirement to keep proper records

57 Requirement to keep proper records (1) A person must keep the records that are necessary to enable the person’s tax liability under a tax law to be properly assessed. (2) A person who is given a notice under the Duties Act 1999, section 239 (5) (b) (Electronic assessment and payment of duty) in relation to a transaction or instrument must keep the records necessary to enable liability for duty in relation to the transaction or instrument to be properly assessed. (3) This section does not affect a provision of any other tax law about the keeping of records.