If you have an interest in a FIF or FLP, you must make and keep records of the acts, transactions and other circumstances that gave you that interest in the FIF at the end of an income year or in the FLP during the income year. You must keep these records whether or not the interest in the FIF or FLP is exempt for a particular notional accounting period.
Unless you are wholly exempt from taxation on your FIF interest, you must also keep records showing how you worked out your interest in the FIF or FLP for the notional accounting period which ended during your income year. [section 615]