Income Tax Assessment Act 1936

PART X - ATTRIBUTION OF INCOME IN RESPECT OF CONTROLLED FOREIGN COMPANIES  

Division 11 - Keeping of records  

SECTION 465   OFFENCE OF FAILING TO KEEP RECORDS  

465(1)    

A person who contravenes section 462 , 462A , or 464A commits an offence punishable on conviction by a fine not exceeding 30 penalty units.

Note:

See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.

465(2)    

An offence under section 462 , 462A , or 464A is an offence of strict liability.

Note:

For strict liability , see section 6.1 of the Criminal Code .