Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) A person who is required under a tax law to keep any accounts, accounting records or other records must not recklessly or knowingly keep them in such a way that they do not correctly record and explain the matters, transactions, acts or operations to which they relate.
Maximum penalty: 50 penalty units, imprisonment for 6 months or both.
(2) A person who is required under a tax law to make a record of any matter, transaction, act or operation must not recklessly or knowingly make it in such a way that it does not correctly record the matter, transaction, act or operation.
Maximum penalty: 50 penalty units, imprisonment for 6 months or both.