32Records

### 32 Records > > (1)  [*\[Section 32 Subsection (1) amended by No. 29 of 2022, s. 98, Applied:14 Dec 2022\]*](/view/html/inforce/2022-12-14/act-2022-029#GS98@Hpa@EN) [*\[Section 32 Subsection (1) amended by No. 58 of 2005, s. 27, Applied:01 Jan 2006\]*](/view/html/inforce/2006-01-01/act-2005-058#GS27@Hpa@EN) Other than a person referred to in [subsection (3)](#GS32@Gs3@EN) , the holder of an agent licence in respect of the operation of a commercial agency must keep records in a secure place at his or her place of business for a period of 6 years of – > > > > > > (a) [*\[Section 32 Subsection (1) amended by No. 58 of 2005, s. 27, Applied:01 Jan 2006\]*](/view/html/inforce/2006-01-01/act-2005-058#GS27@Hpb@EN) any transaction entered into in the course of undertaking activities under that licence; and > > > > > > > (b) [*\[Section 32 Subsection (1) amended by No. 58 of 2005, s. 27, Applied:01 Jan 2006\]*](/view/html/inforce/2006-01-01/act-2005-058#GS27@Hpc@EN) any person employed by the holder for the purpose of the operation of the commercial agency. > > > > Penalty:  In the case of – > > > > > > (a) a body corporate, 500 penalty units; and > > > > > > > (b) a natural person, 100 penalty units. > > > (2)  A person must not falsify or mutilate any records referred to in [subsection (1)](#GS32@Gs1@EN) . > > > > Penalty:  In the case of – > > > > > > (a) a body corporate, 500 penalty units; and > > > > > > > (b) a natural person, 200 penalty units. > > > (3)  [*\[Section 32 Subsection (3) inserted by No. 29 of 2022, s. 98, Applied:14 Dec 2022\]*](/view/html/inforce/2022-12-14/act-2022-029#GS98@Hpb@EN) The holder of an agent licence in respect of the operation of a commercial agency who holds that licence by virtue of holding deemed registration, and who does not have a place of business in this State, must keep the following records in an approved manner for an approved period: > > > > > > (a) a record of any transaction entered into in the course of undertaking activities under that licence; > > > > > > > (b) a record in relation to any person employed by the holder for the purpose of the operation of the commercial agency. > > > > Penalty:  In the case of – > > > > > > (a) a body corporate, 500 penalty units; and > > > > > > > (b) a natural person, 100 penalty units. > > > (4)  [*\[Section 32 Subsection (4) inserted by No. 29 of 2022, s. 98, Applied:14 Dec 2022\]*](/view/html/inforce/2022-12-14/act-2022-029#GS98@Hpb@EN) A person must not falsify or mutilate any records referred to in [subsection (3)](#GS32@Gs3@EN) . > > > > Penalty:  In the case of – > > > > > > (a) a body corporate, 500 penalty units; and > > > > > > > (b) a natural person, 200 penalty units.