25CAccounting records to be kept by registered brokers

##### 25C Accounting records to be kept by registered brokers (1) A registered insurance broker must keep records that record and explain: (a) the transactions engaged in by the broker to carry on business as an insurance broker; and (b) the financial position of the broker. (2) The records must be kept so that the broker’s accounts can be properly prepared and audited. (3) A broker must not, without reasonable excuse, contravene a requirement under this section. Penalty: 100 penalty units.