sec.245SRequirement to keep particular records

### sec.245S Requirement to keep particular records This section applies if, on an application under section 245H , the commissioner assesses a relevant transaction on the basis that a concession under division 2 applies in relation to the transaction. The acquirer must keep records that show— for a concession under section 245F — when the acquirer satisfies the condition mentioned in section 245F (1) (c) (i) ; and the acquirer’s continued satisfaction of the condition mentioned in section 245F (1) (c) (ii) ; or for a concession under section 245G —the acquirer’s continued satisfaction of the condition mentioned in section 245G (1) (d) . See the Administration Act , section 118 (Period for keeping records). s 245S ins 2023 No. 18 s 4 (sec.245S-ssec.1) This section applies if, on an application under section 245H , the commissioner assesses a relevant transaction on the basis that a concession under division 2 applies in relation to the transaction. (sec.245S-ssec.2) The acquirer must keep records that show— for a concession under section 245F — when the acquirer satisfies the condition mentioned in section 245F (1) (c) (i) ; and the acquirer’s continued satisfaction of the condition mentioned in section 245F (1) (c) (ii) ; or for a concession under section 245G —the acquirer’s continued satisfaction of the condition mentioned in section 245G (1) (d) . See the Administration Act , section 118 (Period for keeping records). - (a) for a concession under section 245F — (i) when the acquirer satisfies the condition mentioned in section 245F (1) (c) (i) ; and (ii) the acquirer’s continued satisfaction of the condition mentioned in section 245F (1) (c) (ii) ; or - (i) when the acquirer satisfies the condition mentioned in section 245F (1) (c) (i) ; and - (ii) the acquirer’s continued satisfaction of the condition mentioned in section 245F (1) (c) (ii) ; or - (b) for a concession under section 245G —the acquirer’s continued satisfaction of the condition mentioned in section 245G (1) (d) . - (i) when the acquirer satisfies the condition mentioned in section 245F (1) (c) (i) ; and - (ii) the acquirer’s continued satisfaction of the condition mentioned in section 245F (1) (c) (ii) ; or