Document ID: chunk:federal_register_of_legislation:C2019A00105:clause:4_122
Version: federal_register_of_legislation:C2019A00105
Segment Type: clause
Provision Reference: sch 4 cl 122
Character Range: 53876–54428

122  Subsections 40(2) to (4)
Repeal the subsections, substitute:

Records to be retained for certain period
 (2) The records must be retained for a period of 5 years (or any other period specified in the rules) starting on the day on which the records were created.
Note: Failure to retain the records is an offence (see section 47).

Rules regarding additional matters
 (3) Rules made for the purposes of paragraph (1)(e) must not commence earlier than 14 days after the day on which the rules are registered on the Federal Register of Legislation.