Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-5 - PAY AS YOU GO (PAYG) WITHHOLDING  

Division 18 - Recipient ' s entitlements and obligations  

Subdivision 18-C - Recipient ' s obligations  

SECTION 18-100   OBLIGATION TO KEEP PAYMENT SUMMARY  

18-100(1)  


An entity that is given a *payment summary and a copy of it in any financial year under this Part must retain the copy for:


(a) 5 years after the end of that financial year; or


(b) a shorter period determined by the Commissioner in writing for the entity; or


(c) a shorter period determined by the Commissioner by legislative instrument for a class of entities that includes the entity.

18-100(1AA)  


A determination under paragraph (1)(c) may specify different periods for different classes of entities.

18-100(1A)  
An offence under subsection (1) is an offence of strict liability.

Note:

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

18-100(2)  
(Repealed by No 161 of 2005)




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