Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_117
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 117
Character Range: 159688–160744

117  What records must be made and kept
 (1) A person must make and keep records of every act, transaction, event or circumstance relating to the following:
 (a) any action taken by the person that is a significant action or notifiable action to the extent that the records are relevant to an order or decision under Part 3;
 (b) an action taken by the person that is specified in an exemption certificate;
 (c) whether the person is complying with a condition in a no objection notification or an exemption certificate;
 (d) the disposal of an interest in residential land by the person if the acquisition of the interest by the person:
 (i) was a significant action or notifiable action; or
 (ii) would have been a significant action or notifiable action if the action had not been specified in an exemption certificate.
 (2) The records must be:
 (a) in English, or readily accessible and easily convertible into English; and
 (b) such as to enable the acts, transactions, events or circumstances mentioned in subsection (1) to be readily ascertained.