Document ID: chunk:federal_register_of_legislation:C2014A00067:clause:1_2:p3
Version: federal_register_of_legislation:C2014A00067
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 3/3)
Character Range: 6427–6955

records that:
 (a) correctly record the procedures by which the entity determines the information that is required to be contained in the statement; and
 (b) are in English, or readily accessible and easily convertible into English.
 (2) The entity must retain the records until the expiration of 5 years after the entity gives the Commissioner the statement under subsection 396‑5(2) or 396‑10(2).
Note: Section 288‑25 imposes an administrative penalty if an entity does not keep and retain records as required by this section.