sec.170Period for which monitoring records to be kept

### sec.170 Period for which monitoring records to be kept A licensed supplier must keep a monitoring record of the supplier for 5 years after the end of the transaction to which the record relates. Maximum penalty—40 penalty units. Subsection (1) does not apply to a monitoring record if— the information previously contained in the record is kept in another way under an approval of the commissioner; or the record has been destroyed under an approval of the commissioner. Subsection (1) has effect subject to any other law about the retention or destruction of the monitoring record. s 170 ins 1999 No. 8 s 51 amd 1999 No. 77 ss 65 , 3 sch 1 ; 2000 No. 51 s 55 ; 2012 No. 25 s 109 (1) (sec.170-ssec.1) A licensed supplier must keep a monitoring record of the supplier for 5 years after the end of the transaction to which the record relates. Maximum penalty—40 penalty units. (sec.170-ssec.2) Subsection (1) does not apply to a monitoring record if— the information previously contained in the record is kept in another way under an approval of the commissioner; or the record has been destroyed under an approval of the commissioner. (sec.170-ssec.3) Subsection (1) has effect subject to any other law about the retention or destruction of the monitoring record. - (a) the information previously contained in the record is kept in another way under an approval of the commissioner; or - (b) the record has been destroyed under an approval of the commissioner.