Section 1233G — Corporations Act 2001: Requirement to retain records of allocations for 7 years

(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).