Section 912EC — Corporations Act 2001 (Cth)

Obligation to keep records of compliance

(1) A financial services licensee must keep records sufficient to enable the licensee’s compliance with this Subdivision to be readily ascertained.

Note 1: For preservation of records, see section 1101C.

Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1)).

(2) The regulations may specify records that the financial services licensee must keep as part of the obligation in subsection (1).

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 912E — Surveillance checks by ASIC
s 912EA — Reporting to clients affected by a reportable situation
s 912EB — Obligation to investigate reportable situations that may affect clients
s 912F — Obligation to cite licence number in documents
s 913A — Applying for a licence
s 913B — When a licence may be granted

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