Document ID: chunk:federal_register_of_legislation:C2004C01279:clause:3_40q
Version: federal_register_of_legislation:C2004C01279
Segment Type: clause
Provision Reference: sch 3 cl 40Q
Character Range: 95826–96760

40Q  Retention obligations of transferee ADIs

  If the transferee ADI is given the original or a copy of the second document within the 120‑day period relating to the giving of the first document, this Part applies to the transferee ADI in relation to the second document as follows:
 (a) if the second document was covered by paragraphs 40F(1)(a) to (d)—as if the second document were covered by those paragraphs in relation to the transferee ADI;
 (b) if the second document was covered by subsection 40H(1)—as if the second document were covered by that subsection in relation to the transferee ADI;
 (c) if the document was covered by subsection 40J(1)—as if the document were covered by that subsection in relation to the transferee ADI;
 (d) in any case—as if the minimum retention period applicable to the second document were the period of 7 years after the day on which the account was closed.

Division 5—Miscellaneous