Keeping documents in electronic form
24 Keeping documents in electronic form
This section applies if—
a licensee is required to keep a document under the Act; and
the document is stored in electronic form on a computer.
The licensee must ensure—
the computer system has enough capacity and backup capability to record the information required to be kept under the Act; and
the computer system is backed up at least once a month; and
a computer disk or other electronic device used to store the backed-up information is kept in a location that—
is not the licensee’s principal place of business or the licensee’s registered address; and
is unaffected by magnetic interference or another thing that may adversely affect the stored information.
Maximum penalty—10 penalty units.
In this section—registered address, for a licensee, means the address for the business to which the licence relates contained in the register.
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