Document ID: chunk:federal_register_of_legislation:C2025C00012:clause:1_1233g
Version: federal_register_of_legislation:C2025C00012
Segment Type: clause
Provision Reference: sch 1 cl 1233G
Character Range: 184175–185126

1233G  Requirement to retain records of allocations for 7 years
 (1) The corporate director must retain a record of:
 (a) entries made in the allocation register in relation to assets and liabilities of the CCIV; and
 (b) determinations made under Subdivision B or C in relation to assets and liabilities of the CCIV (including variations made under section 1233N).
 (2) The records must be retained for 7 years after the end of the year in which:
 (a) for money or property—the money or property is disposed of or otherwise ceases to be money or property of the CCIV; and
 (b) for a liability—the liability is discharged or otherwise ceases to be a liability of the CCIV.

Fault‑based offence
 (3) A person commits an offence if the person contravenes subsection (1).

Strict liability offence
 (4) A person commits an offence of strict liability if the person contravenes subsection (1).

Subdivision B—What are the assets of a particular sub‑fund