[QUOTE=robbo_yobbo]for tax, you actualy only need records going back 5 years if all returns are correct and lodged on time, its only 7 years if thier not[/QUOTE
Correct but, if you haven't lodged on time then it's automatically seven and also, if you go through bankruptcy proceedings the ATO will request back that far. The ATO changed from 7 to 5 years for personal tax returns in 2001 with the introduction of the 'Simplified Tax System'.
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