A-Z index

Records you need to keep

Administering and reporting
As a trustee, you will have a number of administrative obligations – for example, you will need to arrange an annual audit of your fund, keep appropriate records and report to us on the fund’s operation.
Copies of tax documents request - individuals
You or your authorised representative can use this document to request copies of tax returns, payment summaries and notices of assessment.
Keep Records
You must keep records that show the amount of super guarantee you have paid for each employee and how it was calculated. You must also keep a record of having offered each eligible employee a choice of super fund.
Keeping good investment records
Good records help you to report your income accurately and claim all the deductions to which you are entitled.
Keeping good records
Advice for trustees of a SMSF on what records to keep and why.
Keeping records
Keeping employment and contractor records is an essential part of running your business and helps you to claim all your deductions. You must keep your records in an accessible form (either printed or electronic) for five years.
Keeping your tax records
Guide for taxpayers on the type of records they should keep in relation to claims and declarations on their tax returns.
Manage your invoices, payments and records
There are a number of reasons for keeping good records of your business transactions. Start with the 'Basics' to find out which issues affect your business or follow the links to specific topics.
Penalties for not keeping proper records
This fact sheet explains what records you need to keep and what penalties we may impose if you fail to keep proper records.
Record keeping
A good record keeping system will help you manage your organisation’s tax obligations and make it easier to report to us. Generally, for tax purposes, you must keep records for five years. Charities must keep records for seven years. DGRs must also adequately record all transactions relevant to their status as a DGR.
Records you need to keep
During the financial year you'll receive documents that are important for doing your tax, such as payment summaries, receipts, invoices and contracts. Generally, you need to keep these for 5 years.
Reporting and keeping records
You report and pay luxury car tax on your BAS in the same way you report other business taxes, and you must keep accurate LCT records of any sale or importation.
Supporting documentation
This page lists some of the supporting documentation to verify the amounts included in your tax return.