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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE    View history reference

Division 6 - Financial records, statements and audit    View history reference

Subdivision B - Financial records of financial services licensees    View history reference

SECTION 988E  

988E  PARTICULAR CATEGORIES OF INFORMATION TO BE SHOWN IN RECORDS  

 View history reference
The records must be kept in sufficient detail to show particulars of:


(a) all money received or paid by the licensee, including money paid to, or disbursed from, an account maintained for the purposes of section 981B or 982B; and


(b) all acquisitions and disposals of financial products made by the licensee, the charges and credits arising from them, and the names of the person acquiring or disposing of each of those products; and


(c) all income received by the licensee from commissions, interest, and other sources, and all expenses, commissions, and interest paid by the licensee; and


(d) all the assets and liabilities (including contingent liabilities) of the licensee; and


(e) all securities or managed investment products that are the property of the licensee, showing by whom the securities or products, or the documents of title to the securities or products, are held and, if they are held by some other person, whether or not they are held as security against loans or advances; and


(f) all securities or managed investment products that are not the property of the licensee and for which the licensee or a nominee controlled by the licensee is accountable, showing:


(i) by whom, and for whom, the securities or products, or the documents of title to the securities or products, are held; and

(ii) the extent to which they are either held for safe custody or deposited with a third party as security for loans or advances made to the licensee; and


(g) such other matters (if any) as are specified in regulations made for the purposes of this paragraph.


 



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