PRODUCT GRANTS AND BENEFITS ADMINISTRATION ACT 2000

PART 5 - RECORD-KEEPING REQUIREMENTS ETC.  

SECTION 26   PRE-CLAIM RECORD-KEEPING REQUIREMENTS  

26(1)  
This section sets out the pre-claim record-keeping requirements that apply to you in relation to a grant or benefit in respect of a particular claim period.

26(2)  
You must:


(a) keep records that enable you to substantiate your claim for the grant or benefit; and


(b) retain those records until you make the claim.

Note: Section 27 provides that you must continue to retain those records for 5 years after you make the claim.

26(3)  
The records must be:


(a) in English; or


(b) readily accessible, and easily convertible into English.

26(4)  
You are taken to have met the requirement set out in paragraph (2)(a) if you keep records of a kind, and in a manner, specified in a written determination made by the Commissioner.

Note: Sections 8L , 8Q and 8T of the Taxation Administration Act 1953 deal with keeping records incorrectly.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.