78Form of record – English language and Australian currency

78 Form of record – English language and Australian currency (1) A person who is required to keep a tax record must keep the record: (a) in the form of a document expressed in the English language and in Australian currency; or (b) in a form from which a document expressed in the English language and in Australian currency can be readily produced. (2) If a tax record is not kept as required by subsection (1), any cost incurred by the Commissioner in having the record translated into English, or converted into Australian currency, may be recovered by the Commissioner as a debt due from the person required to keep the record.