[wellylug] NZ laws on Data retention

[Sarah McMurray]

Ird will anwser this for sure, but my understanding is 7 years for financial
data 

-----Original Message-----
From: Michael Dittmer (An Inside Job) [mailto:michael at inside-job.co.nz] 
Sent: Monday, 20 June 2005 7:48 p.m.
To: wellylug at lists.wellylug.org.nz
Subject: [wellylug] NZ laws on Data retention

Hi All

I'm not sure who to ask on this since my parents can't remember, but does
anyone know what the NZ data retention laws say or where I can look up the
necessary legal documents?

EG: how long does a company need to keep normal business data and / or
financial data for?

>From memory, financial data (eg: bank statements) needs to be kept for 
>a
minimum of 14 years and normal business data (eg: e-mail) need to be kept
for a minimum of 7 years.

Thanks

Michael


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