Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person who applies for a licence, permission, consent, authorisation or approval under a UN sanction enforcement law (a relevant authorisation ) must retain any records or documents relating to that application for the period of 5 years beginning on:
(a) if the relevant authorisation was granted--the last day on which an action to which the relevant authorisation relates was done; or
(b) if the relevant authorisation was not granted--the day on which the application was made.
(2) A person who is granted a licence, permission, consent, authorisation or approval under a UN sanction enforcement law (a relevant authorisation ) must retain any records or documents relating to the person's compliance with any conditions to which the relevant authorisation is subject for the period of 5 years beginning on the last day on which an action to which the relevant authorisation relates was done.
Note: A person may commit an offence if the person fails to give under section 30 a record or document that is required to be retained under this section: see section 32.