Marine Liability Act

Marginal note:Records and books of account

• 118 (1) Every person referred to in subsection 112(4) from whom the levy payable under section 112 may be recovered shall keep at their place of business in Canada, or at any other place in Canada that may be designated by the Minister, records and books of account that set out

  • (a) the amounts that are payable by that person under that section;

  • (b) the type and quantity of the oil in respect of which the amounts referred to in paragraph (a) are payable;

  • (c) the time when and place where the amounts referred to in paragraph (a) were paid or security for their payment was given in accordance with subsection 112(3); and

  • (d) any other information that the Minister may require to determine the amounts referred to in paragraph (a) and the time when they become payable.

• Marginal note:Disposal of records

  (2) Every person who is required by this section to keep records and books of account shall, unless otherwise authorized by the Minister, retain those records and books of account, and every account or voucher necessary to verify the information contained in them, until the expiry of six years after the end of the year to which the records or books of account relate.

• Marginal note:Examination of records

  (3) Every person who is required by this section to keep records and books of account shall, at all reasonable times, make the records and books of account, and every account or voucher necessary to verify the information contained in them, available to any person designated in writing by the Minister and give that person every facility necessary to examine them.