Document ID: chunk:federal_register_of_legislation:C2025C00120:section:132:p2
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 132 (pt 2/2)
Character Range: 405917–406717

in any other case—the record keeper did not know, and could not reasonably be expected to have known, the information.
 (5) Nothing in this section shall be taken to require a person to retain records where:
 (a) the Commissioner has notified the person that retention of the records is not required; or
 (b) the person is a company that has gone into liquidation and been finally dissolved.
 (6) An offence under this section is an offence of strict liability.
Note 1: For strict liability, see section 6.1 of the Criminal Code.
Note 2: There is an administrative penalty if you do not keep or retain records as required by this section: see section 288‑25 in Schedule 1 to the Taxation Administration Act 1953.
Note 3: See section 4AA of the Crimes Act 1914 for the current value of a penalty unit.