Document ID: chunk:federal_register_of_legislation:C2004A01154:clause:1_83i
Version: federal_register_of_legislation:C2004A01154
Segment Type: clause
Provision Reference: sch 1 cl 83I
Character Range: 18136–19508

83I  Organization must keep records

Records to be kept by an organization

 (1) A registered health benefits organization must keep records that are relevant to:
 (a) whether the organization is liable to pay a private health insurance levy; or
 (b) the amount of the private health insurance levy that the organization is liable to pay.

 (2) The records must be kept in:
 (a) an electronic form; or
 (b) if the Council approves another form—that form.

Records to be retained for a certain period

 (3) The records must be retained for a period of 7 years (or a shorter period prescribed by the regulations) starting on the later of:
 (a) the day on which the records were created; or
 (b) the day on which this Act commences.

Offences

 (4) A registered health benefits organization commits an offence if the organization fails to:
 (a) keep the records; or
 (b) keep the records in the form required by or under subsection (2); or
 (c) retain the records for the period required by or under subsection (3).

Penalty: 60 penalty units.

 (5) The offence created by subsection (4) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.

Retrospective effect not intended

 (6) Nothing in this section is to be taken to have required an organization to do an act or thing before the day on which this Act commences.