18ZCObligation of regulated entities to keep records

18ZC Obligation of regulated entities to keep records

18ZC Obligation of regulated entities to keep records

(1) A regulated entity must keep records of its activities that—

(a) allow the regulated entity to give accurate information and data relating to its compliance with the Retailer Reliability Obligation; and

(b) enable the AER to assess whether the regulated entity has complied with its obligations under the Retailer Reliability Obligation; and

(c) comply with the requirements of subsection (2) and Rules made for the purposes of subsection (3).

(2) The regulated entity must keep the records for 5 years from the end of the year in which the activities take place.

Note—

Subsections (1) and (2) are civil penalty provisions: See the definition of civil penalty provision in section 2AA(1).

(3) The Rules may state requirements about the type and form of records that must be kept under subsection (1).

pt 3, div 1C (ss 18Z–18ZI): Ins 2019 No 10, sec 9.