Document ID: chunk:federal_register_of_legislation:F2023C00357:reg:38
Version: federal_register_of_legislation:F2023C00357
Segment Type: reg
Provision Reference: reg 38
Character Range: 33777–34706

38  What an MSO compliance plan must contain—data collection, reporting and record keeping
 (1) An MSO compliance plan must set out the entity's current methodology and practice for counting stock, including:
 (a) a comment on the accuracy of data; and
 (b) if stock is held in reliance upon sections 7 or 9—the arrangements to ensure the accuracy of these amounts; and
 (c) if a methodology is required under subsection 14(2)—that methodology.
 (2) An MSO compliance plan must set out the entity's reporting and recordkeeping framework, including:
 (a) a description of the quality assurance process; and
 (b) a description of reporting approvals required; and
 (c) how reporting of arrangements under sections 23 and 24 of the Act are managed; and
 (d) the process for providing advice required by section 16 of the Act; and
 (e) the arrangements for keeping records in an auditable form and how those records can be accessed.