ACIS Administration Act 1999 (Repealed)
PART 10
-
OBLIGATIONS RELATING TO DOCUMENTS
SECTION 108
DOCUMENT RETENTION OBLIGATIONS
(1)
A person who is or has been a participant must maintain, or create and maintain, documents that evidence all the particulars contained in each quarterly return provided by the person.
(2)
The documents must be maintained by the person for 5 years after the lodging of the return concerned.
(3)
If the person is required:
(a) by a law of the Commonwealth, of a State or a Territory; or
(b) in accordance with ordinary commercial practice; to give to another person a document required to be maintained under subsection (1), the first-mentioned person is taken to have complied with the requirements under that subsection if, after the giving of the document to that other person, the first-mentioned person maintains a true copy of the documents certified in accordance with subsection (4) for the period that the document would be required to be maintained under subsection (2).
(4)
The person may certify a true copy of the document for the purposes of subsection (3), as the case requires, by attaching to the copy a certificate signed by the person:
(a) stating that the copy is a true copy of the original document; and
(b) stating that the original document has been given to another person for a reason set out in that subsection; and
(c) providing particulars of that reason.
A person who is or has been a participant must maintain, or create and maintain, documents that evidence all the particulars contained in each quarterly return provided by the person.
(2)
The documents must be maintained by the person for 5 years after the lodging of the return concerned.
(3)
If the person is required:
(a) by a law of the Commonwealth, of a State or a Territory; or
(b) in accordance with ordinary commercial practice; to give to another person a document required to be maintained under subsection (1), the first-mentioned person is taken to have complied with the requirements under that subsection if, after the giving of the document to that other person, the first-mentioned person maintains a true copy of the documents certified in accordance with subsection (4) for the period that the document would be required to be maintained under subsection (2).
(4)
The person may certify a true copy of the document for the purposes of subsection (3), as the case requires, by attaching to the copy a certificate signed by the person:
(a) stating that the copy is a true copy of the original document; and
(b) stating that the original document has been given to another person for a reason set out in that subsection; and
(c) providing particulars of that reason.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.