Queensland Consolidated Acts

CRIMINAL PROCEEDS CONFISCATION ACT 2002 - SECT 246

246 Meaning of minimum retention period

The
"minimum retention period" , for a financial transaction document of a financial institution, is—

(a) if the document relates to the opening of an account with the institution—the 7 years after the day the account is closed; or

(b) if the document relates to the opening by a person of a deposit box held by the institution—the 7 years after the day the deposit box ceases to be used by the person; or

(c) otherwise—the 7 years after the day the transaction takes place.