Queensland Consolidated Regulations

AGENTS FINANCIAL ADMINISTRATION REGULATION 2014 - REG 27

27 Keeping documents in electronic form

(1) This section applies if—

(a) a principal agent is required to keep a document under the Act ; and

(b) the document is stored in electronic form on a computer.

(2) The principal agent must ensure—

(a) the computer system has enough capacity and backup capability to record the information required to be kept under the Act ; and

(b) the computer system is backed-up at least once a month; and

(c) a computer disk or other electronic device used to store the backed-up information is kept in a location that—

(i) is not the principal agent’s principal place of business or the principal agent’s business address; and

(ii) is unaffected by magnetic interference or another thing that may adversely affect the stored information.

Penalty—

Maximum penalty—10 penalty units.