135NRecords to be kept about information provided

135N  Records to be kept about information provided  (1) A person who is required to ensure that information about the trade or transfer of an eligible tradeable water right is provided to a water market authority under section 135M (see subsection 135M(2)) must keep the following records in relation to the information that is provided:  (a) records of the reason for the trade or transfer, including records substantiating or supporting the reason;  (b) records of the price for which the eligible tradeable water right was traded or transferred, including records substantiating or supporting the price;  (c) such other information (if any) as is prescribed by the regulations.  (2) The person must keep the records for a period of at least 5 years beginning on the date on which the information was provided under section 135M.  (3) A person is liable to a civil penalty if the person contravenes subsection (1) or (2).