Northern Territory Consolidated Acts

TERRITORY INSURANCE OFFICE ACT - SECT 25

    (1)     The Office must keep written financial records that:

        (a)     correctly record and explain its transactions and financial position and performance; and

        (b)     enable true and fair financial statements to be prepared and audited.

    (2)     The Office must keep the financial records for 7 years after the transactions covered by the records are completed.