LAND AND BUSINESS (SALE AND CONVEYANCING) ACT 1994 - SECT 37A

LAND AND BUSINESS (SALE AND CONVEYANCING) ACT 1994 - SECT 37A

37A—Keeping of records

        (1)         An agent who is required under Part 4 or 4A to keep a document or record must—

            (a)         keep the document or record at a place of business of the agent in the State for 5 years from the day on which the document or record was received or made; and

            (b)         have the document or record readily available for inspection at all reasonable times by an authorised officer.

Maximum penalty: $5 000.

        (2)         For the purposes of this section, a document or record may, subject to the regulations, be kept in electronic form.

        (3)         In this section—

"record" includes a register.