Access provider to keep separate accounting records
163 Access provider to keep separate accounting records
The access provider of a declared service must keep, in a form approved by the authority, accounting records for the service separately from accounting records relating to other operations of the access provider.
Maximum penalty—500 penalty units or 6 months imprisonment.
Subsection (1) does not apply to the access provider of a declared service until the end of—
if paragraph (b) does not apply—the period of 6 months starting on the day the service became a declared service; or
if the authority, by written notice given to the access provider in the period mentioned in paragraph (a), fixes a longer period—the period fixed by the authority.
A period fixed by the authority for subsection (2)(b) in relation to a declared service must end not later than 1 year after the day the service became a declared service.
Despite section 239, the authority may direct that the accounting records for the declared service be published by the access provider if the authority considers publication—
is in the public interest; and
would not be likely to damage the access provider’s commercial activities.
This Act’s bill:Explanatory memorandum
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