18Accounts

18 Accounts

(1) A person is not entitled to bounty unless: (a) the person keeps, in writing, in the English language, such accounts, books, documents and other records as correctly record and explain: (i) such particulars relating to the construction or modification of bountiable vessels in respect of which eligible costs bounty is, or may become, payable as are specified by the Secretary in a notice published in the Gazette; and (ia) such particulars relating to the incurring of eligible research and development expenditure in respect of which eligible research and development expenditure bounty is, or may become, payable as are specified by the Secretary in a notice published in the Gazette; and (ii) such other particulars (if any) in relation to the construction or modification of bountiable vessels as are specified by the Secretary by notice in writing served on the person; and (b) the person retains those accounts, books, documents and other records for at least 3 years after the day on which a claim under subsection 11(1) for bounty was made in respect of the construction or modification of the bountiable vessel concerned. (2) For the purposes of this section, accounts, books, documents or other records shall be taken to be kept, in writing, in the English language, if they are kept in a form in which they are readily accessible and readily convertible into writing in the English language.