Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person who applies for an authorisation (however described) under a sanction law must retain any records or documents relating to that application for the period of 5 years beginning on:
(a) if the authorisation was granted--the last day on which an action to which the authorisation relates was done; or
(b) if the authorisation was not granted--the day on which the application was made.
Example: An example of an authorisation is a licence, permission, consent or approval.
(2) A person who is granted an authorisation (however described) under a sanction law must retain any records or documents relating to the person's compliance with any conditions to which the authorisation is subject for the period of 5 years beginning on the last day on which an action to which the authorisation relates was done.
Note: A person may commit an offence if the person fails to give under section 19 a record or document that is required to be retained under this section: see section 21.