CTHIn ForceAct
National Consumer Credit Protection Act 2009
223ASIC may destroy or dispose of certain documents
Start here
Get a plain-English read of 223
Turn the raw legal text into a practical explanation grounded in National Consumer Credit Protection Act 2009.
223 ASIC may destroy or dispose of certain documents
ASIC may destroy or otherwise dispose of any document that is lodged with ASIC under this Act if:
(a) ASIC considers that it is no longer necessary or desirable to retain it; and
(b) either of the following apply:
(i) it has been in ASIC’s possession for the period prescribed by the regulations;
(ii) a copy of the document has been included in the document register.