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Regulatory Environment Regulations affecting electronic recordkeeping All organisations work within a web of regulation and compliance requirements, imposed by state, local and federal governments, best practice and standards models and company or industry policy. The recordkeeping that your organisation does will be materially governed by these regulations, as well as your business needs. An electronic record, in some respects, are no different from any other kind of record. The taxation department's requirement that you keep a record of your income and expenditure, or your environmental authority's requirement that you maintain a record of your deployment of chemicals, is not dependant on (or concerned with) how exactly you choose to keep that record. A database detailing your financial transactions will need to record the same kind of data as an old-fashioned ledger book in order to fulfill your recording and reporting responsibilities. However, there are some unique dimensions involved in electronic recordkeeping and transaction that have inspired various legislatures around the world to think towards specialised legislative models to govern information in electronic form. Traditional areas of the law, such as evidence law, have also been affected and have had to evolve to address the specific issues that electronic records can produce. In this section, you can see some of the legislative and standard regulatory models that have been applied to the electronic records area. The section is divided into Victorian law and Other Models, for your convenience. We will make every effort to keep this section up to date with legislative and regulatory developments in this area. Coming soon to this section:
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