Victorian Consolidated Legislation

Consumer Credit (Victoria) Act 1995 - SECT 37Q

Documents of appointment must be held for 7 years

37Q. Documents of appointment must be held for 7 years

A finance broker must retain the signed original document of appointment to
negotiate consumer credit for 7 years from the date that the document of
appointment was signed by the client. Penalty: For a first offence, 30 penalty
units; For a subsequent offence, 60 penalty units.