Queensland Consolidated Acts Queensland Consolidated Acts(1) A licensee must keep an accounting record of the licensee for 5 years after the end of the transaction to which the record relates.
Maximum penalty—40 penalty units.
(2) Subsection (1) does not apply to an accounting record if—
(a) the information previously contained in the record is kept in another way under an approval of the chief executive; or
(b) the record has been destroyed under an approval of the chief executive.
(3) Subsection (1) has effect subject to any other law about the retention or destruction of the accounting record.