104Licensee to make and keep certain records

#### 104 Licensee to make and keep certain records 104 Licensee to make and keep certain records > > (1) A licensee must make the following records— > > > > > (a) a record containing full particulars of all transactions by or with the licensee in connection with his or her business as a licensee, > > > > > (b) such other records relating to the licensee’s business as a licensee as may be required by the regulations. > > > (2) A record required by this section must be kept for at least 3 years after it is made. > > > (3) The record must be kept— > > > > > (a) by the licensee at the licensee’s registered office (while the licensee remains a licensee), or > > > > > (b) if the licensee ceases to be a licensee, by the former licensee in his or her possession, custody or control unless the former licensee authorises some other person to have possession, custody or control of the record, or > > > > > (c) by any other person who obtains possession, custody or control of the record whether as a result of being the personal representative of a deceased licensee or by transfer of the business of the licensee or otherwise. > > > (4) The regulations may make provision for the manner and form in which a record required by this section is to be kept. > > > (5) An entry in a record made under this section and kept at the registered office of a licensee is presumed, unless the contrary is proved, to have been made by or with the authority of the licensee. > > > (6) A person who contravenes a provision of this section is guilty of an offence. > > > > Maximum penalty—50 penalty units.