Document ID: chunk:federal_register_of_legislation:F2025L00184:reg:15
Version: federal_register_of_legislation:F2025L00184
Segment Type: reg
Provision Reference: reg 15
Character Range: 20605–21205

15  Keeping accounts

 (1) A community charity must keep, or cause to be kept, proper accounts in respect of all of the charity's receipts and payments and all financial dealings connected with the charity, and must retain those accounts for at least 5 years after the completion of the transactions or acts to which they relate.
Note: See also Subdivision 382‑B in Schedule 1 to the Act for rules about record-keeping obligations of deductible gift recipients.
Penalty: 10 penalty units.

 (2) The charity must make the accounts available to the Commissioner on request.
Penalty: 10 penalty units.