Liquidation record preservation requires complete retention of process records, secure storage, handover on replacement, and long-term compliance.

Liquidator must preserve a complete account of the liquidation process, including records relating to appointment, handover, claims, stakeholder lists, professionals engaged, filings, correspondence, liquidation costs, reports, registers, and transactions concerning preferential, undervalued, extortionate, fraudulent or wrongful trading. Electronic copies must be kept for at least eight years and physical copies for at least three years from the latest relevant closure or conclusion date. On replacement, records must be handed over to the new liquidator, preserved securely, and produced when required.

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