New South Wales Consolidated Acts
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PROPERTY AND STOCK AGENTS ACT 2002 - SECT 103
Licensee's records
(1) In this Act--
"licensee's records" means-- (a) records required to be kept by a licensee by
or under this Act that are in the possession, custody or control of the
licensee, and
(b) records and documents in the possession, custody or control
of a licensee that relate to any account (whether or not a trust account) kept
by the licensee in connection with the licensee's business as a licensee or to
any transaction by or with the licensee in connection with the licensee's
business as a licensee.
(2) If records or documents that were licensee's
records are in the possession, custody or control of a person as a
former licensee, as the personal representative of a deceased licensee, or as
a result of the transfer of the business of the licensee or otherwise, those
records or documents are still
"licensee's records" for the purposes of this Division.
(3) An account on
which a strata managing agent operates for or on behalf of an
owners corporation or an association is taken to be an account kept by the
agent in connection with his or her business as a licensee.
(4) This Part
extends to records in the possession, custody or control of a person even when
the records are located outside the State.
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