INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1AA - Reportable payments system (RPS)  

Subdivision D - Payers' reporting and record-keeping obligations  

SECTION 220AK   RETENTION OF ANNUAL REPORT  

220AK(1)    
(Repealed by No 47 of 1998)

220AK(2)   Retention of annual report.  

A person who makes a copy of a report under paragraph 220AJ(1)(b) in relation to a financial year must retain the copy for at least 5 years after the end of the financial year.

Penalty: 20 penalty units.