Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) A licensed dealer shall keep the accounting and other records that disclose particulars of all trust money received or paid by the dealer.
Maximum penalty: 20 penalty.
(2) A licensed dealer shall—
(a) keep those records—
(i) at the place where the dealer carries on business in the ACT; or
(ii) if the dealer carries on business at more than 1 place of business in the ACT—at the dealer's principal place of business in the ACT; or
(iii) with the approval of the registrar, at another place in the ACT; and
(b) cause those records to be kept in a way that they can be conveniently and properly audited; and
(c) preserve those records for a period of 7 years.
Maximum penalty: 20 penalty.
(3) It is sufficient compliance with subsection (1) if a licensed dealer, within 7 days after the day when any trust money is received or paid, enters in the records referred to in that subsection the particulars of the money.