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FOREIGN INFLUENCE TRANSPARENCY SCHEME ACT 2018 - SECT 40

Keeping records

  (1)   A person who is registered under the scheme in relation to a foreign principal must keep records of the matters mentioned in subsection   (2):

  (a)   while registered under the scheme in relation to the foreign principal; and

  (b)   until the end of 3 years after the registration ends.

Note:   Certain conduct in relation to records is an offence (see subsection   58(3) and section   61).

  (1A)   Despite subsection   (1), a person is not required to keep any particular record for more than 10 years from the day the record was made.

  (2)   The matters are the following:

  (a)   registrable activities the person undertakes on behalf of the foreign principal;

  (b)   benefits provided to the person by the foreign principal;

  (c)   information or material forming part of any communications activity that is registrable in relation to the foreign principal;

  (d)   any registrable arrangement between the person and the foreign principal;

  (e)   other information or material communicated or distributed to the public or a section of the public in Australia on behalf of the foreign principal.



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