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Rules of Practice 1994 (S.R. 1994, No. 229)
Requested:  30 May 2017
Consolidated as at:  17 Mar 2006

Division 12 - Miscellaneous

58. Maintenance of accounting records

A firm must keep each book of account or accounting record required to be maintained under this Part –

(a) in good order and condition; and

(b) for a period of not less than 10 years after the date of the last entry in that book or record.

59. Exemptions

(1) A firm may apply to the Council for an exemption from the provisions of this Part.
(2) The Council may –

(a) grant the exemption with or without conditions; or

(b) refuse to grant the exemption.

(3) An application is to be –

(a) in writing; and

(b) lodged with the Executive Director.

(4) The Council may revoke an exemption at any time.

CURRENT VIEW: 31 Dec 1994 - 1 Oct 2016