Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p32
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 32/37)
Character Range: 470912–473497

period for which you must retain the last log book that you began to keep for the original *car before the day of effect of the nomination.
 (5) Section 28‑150 (which is about retaining log books) applies to the nomination document in the same way as it applies to that last log book.

Subdivision 28‑H—Odometer records for a period

Guide to Subdivision 28‑H

28‑135  What this Subdivision is about

      This Subdivision tells you how to keep odometer records for a car during a particular period. Odometer records document the total number of kilometres the car travelled during a particular period.

Table of sections

Operative provision
28‑140 How to keep odometer records for a car for a period

Operative provision

28‑140  How to keep odometer records for a car for a period
 (1) Odometer records for a period are kept in the form of a document in which the following are entered:
 (a) the *car's odometer readings at the start and the end of the period;
 (b) if there is a nomination under section 28‑130 to replace the car with another *car with effect from a day in that period—the odometer readings, at the end of that day, of both cars affected by the nomination.
 (2) Each entry under subsection (1) must be in English and must be made at or as soon as possible after the start or end of the period, or the end of the specified day, as appropriate.
 (3) The following must also be entered in the document:
 (a) the *car's make, model and registration number (if any);
 (b) if the car has an internal combustion engine—its engine capacity expressed in cubic centimetres;
 (c) if there is a nomination under section 28‑130 to replace the car with another *car—the corresponding details for the other car affected by the nomination.
 (4) Each entry under subsection (3) must be made in English and must be made before you lodge your *income tax return.
 (5) The Commissioner may allow you to make an entry under this section after you lodge your *income tax return.

Subdivision 28‑I—Retaining the log book and odometer records

Table of sections
28‑150 Retaining the log book for the retention period
28‑155 Retaining odometer records

28‑150  Retaining the log book for the retention period
 (1) You must retain the log book:
 (a) first, until the end of the latest income year for which you rely on the log book to support your calculation of the *business use percentage for the *car; and
 (b) then for another 5 years.
The period for which you must retain the log book is called the retention period.
 (2) The 5 years start on the due day for lodging your *income tax