Commonwealth Numbered Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 64

(1) An RSA provider must keep such records as correctly record and explain the
transactions related to RSAs provided by the RSA provider and must:

   (a)  retain the records for at least 5 years after the end of the year of
        income to which the transactions relate; and

   (b)  cause the records to be kept in Australia; and

   (c)  keep the records in writing in the English language or in a form in
        which they are readily accessible and readily convertible into writing
        in the English language.

(2) Records kept by the RSA provider must be sufficient to enable the RSA
provider to prepare returns in accordance with section 44.

(3) A person who intentionally or recklessly contravenes subsection (1) is
guilty of an offence punishable on conviction by a fine not exceeding 100
penalty units.