Part 11Keeping records and materials

## Part 11—Keeping records and materials 1101 (1) A person issued free carbon units must keep the following records for 5 years from when the record is made: (a) a copy of each application the person made to the Regulator for the issue of those free carbon units; (b) the documents and materials relied on by the person to prepare the application; (c) the testing and measurement results relied on by the person to ensure that the requirements for the relevant product were satisfied; (d) records showing the production of the amount or volume of the relevant product in each financial year for which the free carbon units were issued. (2) The documents and materials: (a) must not be reproductions of any original documents; and (b) must be kept in hard copy; and (c) must be materials that were relied on by the applicant. (3) However, if a person tells the Regulator that a record has been lost or destroyed during the period records must be kept, the Regulator may treat a complete copy of the record as the original from the time of the loss or destruction. (4) This clause does not apply if: (a) the Regulator has notified the person that the retention of the records is not required; or (b) the person is a company that has gone into liquidation and been finally dissolved.