Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) This section has effect for the Act, section 232 (Keeping trust records).
(2) Trust records must be kept for a period of 7 years after—
(a) for a trust record mentioned in the Act, section 210 (2), definition of "trust records", paragraphs (a) to (m)—the only or the last transaction entry in the trust record is made; or
(b) for any other trust record—finalisation of the matter to which the trust record relates.
(3) This section does not apply to a written direction mentioned in the Act, section 222 (2) (a) (Certain trust money to be deposited in general trust account) or section 224 (1) (Controlled money).