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Taxation Administration Act 1999
64Period record to be kept
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64 Period record to be kept (1) A person who is required by a tax law to keep a record must keep the record for not less than 5 years after— (a) the date it was made or obtained; or (b) the date of completion of the transaction or act to which it relates; whichever is the later. (2) A person may, with the written approval of the commissioner, destroy a record within the 5 year period unless another law requires the record to be kept for not less than 5 years.
General offences Division 8.2