63Keeping of trust records—Act, s 232 (2) (a)

63 Keeping of trust records—Act, s 232 (2) (a) (1) This section has effect for the Act, section 232 (Keeping trust records). (2) Trust records must be kept for a period of 7 years after— (a) for a trust record mentioned in the Act, section 210 (2), definition of trust records, paragraphs (a) to (m)—the only or the last transaction entry in the trust record is made; or (b) for any other trust record—finalisation of the matter to which the trust record relates.

(3) This section does not apply to a written direction mentioned in the Act, section 222 (2) (a) (Certain trust money to be deposited in general trust account) or section 224 (1) (Controlled money).