---
title: "Record the five-year date for a business tax record"
url: "https://ailawframework.com/practice/taxation/record-the-five-year-date-for-a-business-tax-record"
type: "task"
site: "AI Law Framework"
id: "A26-PE20261022-16"
practice_area: "Taxation"
tier: "yellow"
lawyer_review: "required"
last_reviewed: "2026-10-22"
---

# Record the five-year date for a business tax record

> From the dates the lawyer supplies, record the later of the date the record was prepared or obtained and the date the transactions or acts were completed, and record the date five years after that later date.…

Canonical page: https://ailawframework.com/practice/taxation/record-the-five-year-date-for-a-business-tax-record  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Taxation](https://ailawframework.com/practice/taxation.md) |
| Human involvement | Yellow: Lawyer and AI draft together |
| How AI is used | From the dates the lawyer supplies, record the later of the date the record was prepared or obtained and the date the transactions or acts were completed, and record the date five years after that later date. If the lawyer says the record is an FBT record, a record of an employee super contribution, or a record of super fund choice, record five years from the start date the lawyer names for that kind of record. Note whether the lawyer says the record must be kept longer. Do not destroy the record. |
| What the lawyer must review | The lawyer decides which start date applies, whether a longer period applies, and whether the record contains the information the page says a record needs. |
| Written for / versions | 1 jurisdiction versions below |

## Checking plan

**Source-by-source verification**

Trace relied-on content to independent sources and check for relevant material the output has missed.

- What the AI does: From the dates the lawyer supplies, record the later of the date the record was prepared or obtained and the date the transactions or acts were completed, and record the date five years after that later date. If the lawyer says the record is an FBT record, a record of an employee super contribution, or a record of super fund choice, record five years from the start date the lawyer names for that kind of record. Note whether the lawyer says the record must be kept longer. Do not destroy the record.
- What the lawyer does: The lawyer decides which start date applies, whether a longer period applies, and whether the record contains the information the page says a record needs.
- Who reviews: Responsible lawyer with competence in the matter
- Basis: Practical workflow informed by the linked primary sources; the traffic light and working checks are editorial guidance, not a court classification.
- Why: The level reflects what the work is, the consequence of an error, and how much of the output the lawyer must independently re-derive.

## Checks the lawyer makes

1. Use the later of preparation or obtaining the record and completion of the transactions, unless the lawyer names a different statutory start.
2. For FBT, super contributions and super choice, use the start date the lawyer names from the page.
3. Do not treat five years as the end date if the lawyer says a longer period applies.
4. Leave the contents of the record, and any ASIC seven-year period, to the lawyer.

## Notes

- These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

## Sources

- [Australian Taxation Office, Overview of record-keeping rules for business, last updated 18 June 2026](https://www.ato.gov.au/businesses-and-organisations/preparing-lodging-and-paying/record-keeping-for-business/overview-of-record-keeping-rules-for-business) (checked 2026-10-22)

## Jurisdiction versions

| Jurisdiction | Level |
| --- | --- |
| [United States](https://ailawframework.com/practice/taxation/record-the-five-year-date-for-a-business-tax-record/united-states.md) | Yellow |

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*