192Record‑keeping requirements—preparation of offsets report

192 Record‑keeping requirements—preparation of offsets report

Scope (1) This section applies if a person: (a) made a record of particular information; and (b) used the information to prepare an offsets report. Record‑keeping requirements (2) The regulations or the legislative rules may require the person to retain: (a) the record; or (b) a copy of the record; for 7 years after the offsets report was given to the Regulator. (3) If a person is subject to a requirement under regulations or legislative rules made for the purposes of subsection (2), the person must comply with that requirement. Ancillary contraventions (4) A person must not: (a) aid, abet, counsel or procure a contravention of subsection (3); or (b) induce, whether by threats or promises or otherwise, a contravention of subsection (3); or (c) be in any way, directly or indirectly, knowingly concerned in, or party to, a contravention of subsection (3); or (d) conspire with others to effect a contravention of subsection (3). Civil penalty provisions (5) Subsections (3) and (4) are civil penalty provisions.

Note: Part 21 provides for pecuniary penalties for breaches of civil penalty provisions.