sec.339Notice of theft, loss or destruction of, or damage to, record or return of operations

sec.339 Notice of theft, loss or destruction of, or damage to, record or return of operations

This section applies if— a person is required to keep a record or give a return of operations to the chief executive; and the record or return of operations, or a copy of the record or return, is stolen, lost, destroyed or damaged. However, this section does not apply if the person keeps the record as an online record. Within 24 hours after becoming aware of the theft, loss, destruction or damage, the person must, unless the person has a reasonable excuse, give the chief executive a notice stating the record or return of operations has been stolen, lost, destroyed or damaged. Maximum penalty—120 penalty units. Subsection (5) applies if a person (the second person ), other than the person mentioned in subsection (1) (a) , keeps the record or return of operations. Within 24 hours after becoming aware of the theft, loss, destruction or damage, the second person must, unless the second person has a reasonable excuse, notify the person mentioned in subsection (1) (a) of the theft, loss, destruction or damage. Maximum penalty—40 penalty units. (sec.339-ssec.1) This section applies if— a person is required to keep a record or give a return of operations to the chief executive; and the record or return of operations, or a copy of the record or return, is stolen, lost, destroyed or damaged. (sec.339-ssec.2) However, this section does not apply if the person keeps the record as an online record. (sec.339-ssec.3) Within 24 hours after becoming aware of the theft, loss, destruction or damage, the person must, unless the person has a reasonable excuse, give the chief executive a notice stating the record or return of operations has been stolen, lost, destroyed or damaged. Maximum penalty—120 penalty units. (sec.339-ssec.4) Subsection (5) applies if a person (the second person ), other than the person mentioned in subsection (1) (a) , keeps the record or return of operations. (sec.339-ssec.5) Within 24 hours after becoming aware of the theft, loss, destruction or damage, the second person must, unless the second person has a reasonable excuse, notify the person mentioned in subsection (1) (a) of the theft, loss, destruction or damage. Maximum penalty—40 penalty units.

• (a) a person is required to keep a record or give a return of operations to the chief executive; and
• (b) the record or return of operations, or a copy of the record or return, is stolen, lost, destroyed or damaged.