sec.24Keeping documents in electronic form

sec.24 Keeping documents in electronic form

This section applies if— a licensee is required to keep a document under the Act ; and the document is stored in electronic form on a computer. The licensee must ensure— the computer system has enough capacity and backup capability to record the information required to be kept under the Act ; and the computer system is backed up at least once a month; and a computer disk or other electronic device used to store the backed-up information is kept in a location that— is not the licensee’s principal place of business or the licensee’s registered address; and is unaffected by magnetic interference or another thing that may adversely affect the stored information. Maximum penalty—10 penalty units. In this section— registered address , for a licensee, means the address for the business to which the licence relates contained in the register. (sec.24-ssec.1) This section applies if— a licensee is required to keep a document under the Act ; and the document is stored in electronic form on a computer. (sec.24-ssec.2) The licensee must ensure— the computer system has enough capacity and backup capability to record the information required to be kept under the Act ; and the computer system is backed up at least once a month; and a computer disk or other electronic device used to store the backed-up information is kept in a location that— is not the licensee’s principal place of business or the licensee’s registered address; and is unaffected by magnetic interference or another thing that may adversely affect the stored information. Maximum penalty—10 penalty units. (sec.24-ssec.3) In this section— registered address , for a licensee, means the address for the business to which the licence relates contained in the register.

• (a) a licensee is required to keep a document under the Act ; and
• (b) the document is stored in electronic form on a computer.
• (a) the computer system has enough capacity and backup capability to record the information required to be kept under the Act ; and
• (b) the computer system is backed up at least once a month; and
• (c) a computer disk or other electronic device used to store the backed-up information is kept in a location that— (i) is not the licensee’s principal place of business or the licensee’s registered address; and (ii) is unaffected by magnetic interference or another thing that may adversely affect the stored information. Maximum penalty—10 penalty units.
• (i) is not the licensee’s principal place of business or the licensee’s registered address; and
• (ii) is unaffected by magnetic interference or another thing that may adversely affect the stored information.
• (i) is not the licensee’s principal place of business or the licensee’s registered address; and