62AKeeping of records, &c.

### 62A Keeping of records, &c. > [*\[Section 62A Inserted by No. 21 of 2023, s. 55, Applied:01 Sep 2024\]*](/view/html/inforce/2024-09-01/act-2023-021#GS55@Hpc@EN) > > > (1)  The administrator for a represented person must keep an accurate record of all dealings and transactions made by the person as administrator. > > > > Penalty:  Fine not exceeding 20 penalty units. > > > (2)  A person who has ceased to be an administrator (the *former administrator*) for a person in respect of financial matters must retain the records required to be kept under [subsection (1)](#GS62A@Gs1@EN) in relation to those financial matters for at least 7 years after so ceasing. > > > > Penalty:  Fine not exceeding 20 penalty units. > > > (3)  The former administrator for a person may give a copy of the records required to be retained under [subsection (2)](#GS62A@Gs2@EN) in relation to that person’s financial matters to the following persons: > > > > > > (a) if another person is appointed as an administrator in respect of financial matters for the person, that person; > > > > > > > (b) if the person has ceased to be a represented person, to that person; > > > > > > > (c) if the person has died, the legal representative of that person. > > > (4)  The former administrator for a person must, on request, give a copy of the records required to be retained under [subsection (2)](#GS62A@Gs2@EN) in relation to the person’s financial matters to a person referred to in [subsection (3)(a)](#GS62A@Gs3@Hpa@EN) , [(b)](#GS62A@Gs3@Hpb@EN) or [(c)](#GS62A@Gs3@Hpc@EN) within 14 days after receipt of the request. > > > > Penalty:  Fine not exceeding 20 penalty units.