11Copies and inspection of returns

11 Copies and inspection of returns

11 Copies and inspection of returns

(1) An enterprise that lodges a return must retain a copy of the return at the enterprise’s registered office or principal place of operation in the State (or, if the enterprise is a natural person, at a place nominated by the person and specified in the return).

Maximum penalty—

(a) for an individual—20 penalty units, or

(b) otherwise—100 penalty units.

(2) The copy is to be retained for at least 6 years after the date on which it was lodged.

Maximum penalty—

(a) for an individual—20 penalty units, or

(b) otherwise—100 penalty units.

(3) The copy may be held in any form, but it must be readily able to be reproduced in the form of a document.

Maximum penalty—

(a) for an individual—20 penalty units, or

(b) otherwise—100 penalty units.

(4) An enterprise must make the retained copies of returns reasonably available for inspection by any person.

Maximum penalty—

(a) for an individual—20 penalty units, or

(b) otherwise—100 penalty units.

(5) The enterprise may charge an inspection fee of not more than $10 (or, if the regulations prescribe a greater amount for the purposes of this subsection, that greater amount).

s 11: Am 2025 No 37, Sch 8[7].