Document ID: chunk:federal_register_of_legislation:C2024C00572:section:22h
Version: federal_register_of_legislation:C2024C00572
Segment Type: section
Provision Reference: s 22H
Character Range: 78727–79592

22H  Records to be kept
 (1) A corporation that is or was required to provide a report under section 22G for a financial year must keep records of the corporation's activities that:
 (a) allow the corporation to report accurately under section 22G; and
 (b) enable the Regulator to ascertain whether the corporation has complied with the corporation's obligations under section 22G; and
 (c) comply with the requirements of subsection (2) and the regulations made for the purposes of subsection (3).
Civil penalty: 1,000 penalty units.
 (2) The corporation must retain the records for 5 years from the end of the financial year in which the activities take place.
 (3) The regulations may specify requirements relating to:
 (a) the kinds of records; and
 (b) the form of records;
that must be kept under subsection (1).

Division 2—Reporting transfer certificates