Document ID: chunk:federal_register_of_legislation:F2024C00941:reg:49
Version: federal_register_of_legislation:F2024C00941
Segment Type: reg
Provision Reference: reg 49
Character Range: 68397–69398

49  Record keeping
 (1) An approved participant must maintain the following for 5 years:
 (a) information or documents required by the Secretary under section 46;
 (b) the approved participant's records in relation to all of the following that relate to the approved participant:
 (i) an application under the Scheme;
 (ii) an allocation;
 (iii) an incentive given (to the approved participant);
 (iv) an incentive, or State or Territory contribution, required to be passed on under Part 7;
 (v) a summary required to be given under section 67;
 (vi) a notice of end of allocation required to be given under section 70.
Note: No incentive is available for any period during which the approved participant fails to comply with this section (see subsections 13(8) and (9)).
 (2) Records relating to a requirement in subparagraph (1)(b)(iv), (v) or (vi) must be sufficient to show how and when the approved participant satisfied the requirement.

Part 6—Incentives

Division 1—Entitlement to incentives