A New Tax System (Tax Administration) Act (No. 2) 2000 (91 of 2000)
Schedule 2 Consequential and miscellaneous amendments
Part 1 General
Income Tax Assessment Act 1997
50 At the end of subsection 121-20(1)
Add:
Note 2: There is an administrative penalty if you do not keep records as required by this Division: see section 288-25 in Schedule 1 to the Taxation Administration Act 1953.