Keeping documents in electronic form
16 Keeping documents in electronic form
This section applies if—
a principal licensee is required to keep a document under the Act; and
the document is stored in electronic form on a computer.
The principal 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 principal licensee’s registered office, or if the principal licensee has more than 1 place of business, is not the principal licensee’s registered office or other place of business; and
is unaffected by magnetic interference or another thing that may adversely affect the stored information.
Maximum penalty—10 penalty units.
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