A New Tax System (Tax Administration) Act (No. 2) 2000 (91 of 2000)

Schedule 2   Consequential and miscellaneous amendments

Part 1   General

Income Tax Assessment Act 1936

38   After subsection 262A(1C)

Insert:

(1D) A taxpayer who is a full self-assessment taxpayer must:

(a) keep a record containing particulars of the basis of the calculation of the amounts that the taxpayer specified under section 161AA in a return for a year of income; and

(b) produce to the Commissioner, when and as required by the Commissioner under this Act, a document containing those particulars.