Document ID: chunk:federal_register_of_legislation:C2009A00078:clause:2_16
Version: federal_register_of_legislation:C2009A00078
Segment Type: clause
Provision Reference: sch 2 cl 16
Character Range: 21599–22130

16  Subsection 160(1)
Repeal the subsection, substitute:
 (1) A person (the record‑keeper) who:
 (a) is a registered person; or
 (b) is a liable entity; or
 (c) has been issued with a partial exemption certificate;
must keep records that record and explain all transactions and other acts engaged in, or required to be engaged in, by the record‑keeper under this Act.
Note: The heading to section 160 is altered by omitting "and liable entities" and substituting ", liable entities and holders of partial exemption certificates".