Income Tax Assessment Act 1936

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

Division 11 - Keeping of records  

SECTION 467   467   CIRCUMSTANCES WHERE RECORDS NOT REQUIRED TO BE KEPT - REASONABLE EXCUSE ETC.  


This Division does not require a person to keep a record of information if:


(a) the person did not know, and had no reasonable grounds to suspect, that section 462 , 462A or 464A , as the case requires, was applicable to the person; or


(b) the person did not know that, and made all reasonable efforts to ascertain whether, section 462 , 462A or 464A , as the case requires, was applicable to the person; or


(c) the person did not know, and made all reasonable efforts to obtain, the information.


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