How long do I need to keep invoices and other financial records?

Can anyone give me some guidelines for the retention requirements of all major business and financial records?

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Steven Freeman

Steven Freeman at

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I believe it is 5 years for standard accounting records and a lot longer for things like shares if still owned.

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Cliona Elliott

Cliona Elliott, Senior Editor at

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As a rule of thumb, it's generally recommended that you keep all business and financial records for five years from the date you lodge your tax return.

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