64Records

#### 64 Records (1) An RSA provider must keep such records as correctly record and explain the transactions related to RSAs provided by the RSA provider and must: (a) retain the records for at least 5 years after the end of the year of income to which the transactions relate; and (b) cause the records to be kept in Australia; and (c) keep the records in writing in the English language or in a form in which they are readily accessible and readily convertible into writing in the English language. (2) Records kept by the RSA provider must be sufficient to enable the RSA provider to prepare reporting documents referred to in section 13 of the Financial Sector (Collection of Data) Act 2001. (3) A person who intentionally or recklessly contravenes subsection (1) commits an offence punishable on conviction by a fine not exceeding 100 penalty units. > Note: Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.