sec.127SRecords must be kept for 5 years

### sec.127S Records must be kept for 5 years This section applies to— a person required to make a record under this division other than section 127N ; and a person required to make a record under section 127N (1) , unless the person has transferred the record under section 127N (2) ; and a person to whom a record has been transferred under section 127N (2) ; and a person required to make a record under section 127N (3) . The person must keep the record, unless the person has a reasonable excuse— for 5 years after the day the record is made; and in a way that allows the record to be— conveniently and properly investigated or examined by an authorised officer under this part; and for a record made by or for a participant—readily given, under this part, to an auditor appointed to conduct an audit under section 127U . Maximum penalty—20 penalty units. s 127S ins 2023 No. 8 s 47 (sec.127S-ssec.1) This section applies to— a person required to make a record under this division other than section 127N ; and a person required to make a record under section 127N (1) , unless the person has transferred the record under section 127N (2) ; and a person to whom a record has been transferred under section 127N (2) ; and a person required to make a record under section 127N (3) . (sec.127S-ssec.2) The person must keep the record, unless the person has a reasonable excuse— for 5 years after the day the record is made; and in a way that allows the record to be— conveniently and properly investigated or examined by an authorised officer under this part; and for a record made by or for a participant—readily given, under this part, to an auditor appointed to conduct an audit under section 127U . Maximum penalty—20 penalty units. - (a) a person required to make a record under this division other than section 127N ; and - (b) a person required to make a record under section 127N (1) , unless the person has transferred the record under section 127N (2) ; and - (c) a person to whom a record has been transferred under section 127N (2) ; and - (d) a person required to make a record under section 127N (3) . - (a) for 5 years after the day the record is made; and - (b) in a way that allows the record to be— (i) conveniently and properly investigated or examined by an authorised officer under this part; and (ii) for a record made by or for a participant—readily given, under this part, to an auditor appointed to conduct an audit under section 127U . - (i) conveniently and properly investigated or examined by an authorised officer under this part; and - (ii) for a record made by or for a participant—readily given, under this part, to an auditor appointed to conduct an audit under section 127U . - (i) conveniently and properly investigated or examined by an authorised officer under this part; and - (ii) for a record made by or for a participant—readily given, under this part, to an auditor appointed to conduct an audit under section 127U .