Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 1233G

  (1)   The corporate director must retain a record of:

  (a)   entries made in the allocation register in relation to assets and liabilities of the CCIV; and

  (b)   determinations made under Subdivision B or C in relation to assets and liabilities of the CCIV (including variations made under section   1233N).

  (2)   The records must be retained for 7 years after the end of the year in which:

  (a)   for money or property--the money or property is disposed of or otherwise ceases to be money or property of the CCIV; and

  (b)   for a liability--the liability is discharged or otherwise ceases to be a liability of the CCIV.

Fault - based offence

  (3)   A person commits an offence if the person contravenes subsection   (1).

Strict liability offence

  (4)   A person commits an offence of strict liability if the person contravenes subsection   (1).