Housing Developers (Control and Licensing) Act 1965 · 2020 Revised Edition · Part 3A · Prevention of Money Laundering, Proliferation Financing and Terrorism Financing
12C. Record keeping
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A licensed housing developer must keep, for such period as may be prescribed, all documents and information (including any analysis performed) relating to a person that the licensed housing developer obtains as a result of performing the customer due diligence measures required by section 12B.
licensed housing developer
“licensed housing developer” means a housing developer holding a valid licence;
For the purposes of subsection (1), different periods may be prescribed for different documents and information.
A licensed housing developer must keep the documents and information required to be kept under subsection (1) in such form as may be prescribed.
A licensed housing developer must make the documents and information required to be kept under subsection (1) available upon request to the Controller or an inspector and such other authorities as may be prescribed.
Controller
“Controller” means the Controller of Housing appointed under section 3(1);
A licensed housing developer that contravenes subsection (1), (3) or (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.