Business Names Registration Act 2011

PART 9 - ADMINISTRATION  

Division 2 - Miscellaneous  

SECTION 74  

74   ASIC MAY DESTROY OR DISPOSE OF CERTAIN DOCUMENTS  

ASIC may destroy or otherwise dispose of any document that is lodged with ASIC under this Act or the Transitional Act, or otherwise given to ASIC under this Act or the Transitional Act, if:

(a)    ASIC considers that it is no longer necessary or desirable to retain it; and

(b)    either of the following apply:

(i) it has been in ASIC ' s possession for the period prescribed by the regulations;

(ii) an electronic copy of the document is retained by ASIC.