51Record of transfers

#### 51 Record of transfers (1) A broker who carries on business in the Territory shall, forthwith after each sale or purchase by him of a marketable security in respect of which tax is imposed, make a record of particulars of the sale or purchase showing: (a) the date of the sale or purchase; (b) the name of the person for whom he was acting; (c) the name of the broker (if any) acting for the person with whom the sale or purchase was made; (d) the full description of the marketable security; (e) the selling price of the marketable security; and (f) if tax is payable, the amount of the tax. (2) Where marketable securities are sold or purchased in a parcel, a broker shall, in the record made under this section, show the quantity of the marketable securities in the parcel and the selling price per unit and in total of the marketable securities in the parcel. (3) A broker shall retain the record of a sale or purchase of a marketable security for a period of not less than 3 years after the date of the sale or purchase. Penalty: $2,000.