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Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 27 Apr 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.
(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.