(1) Subject to subsection (3), this section applies to the records of a conveyancing business that relate to conveyancing work undertaken by the business.
(2) A licensee must store a record to which this section applies for 7 years after the date on which the conveyancing work to which the record relates was undertaken.
Penalty: 60 penalty units.
(3) Nothing in this section applies to the trust records kept by a licensee under Part 5.