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s 54

Power to obtain, inspect and copy records

In force
Part 7Enforcement
Division 7.2Authorised people
Subdivision 7.2.2Powers

54 Power to obtain, inspect and copy records

(1)

An authorised person may, in writing, require any of the following people to give the authorised person information, or produce documents or anything else, that the person has, or has access to, that are reasonably required by the authorised person for this Act:

(a)

a licensee;

(b)

a bank or other financial institution that holds accounts for a licensee;

(c)

an accountant or bookkeeper engaged by a licensee.

Example

request and obtain by email a list of employees

(2)

A person must take reasonable steps to comply with a requirement made of the person under this section.

Maximum penalty: 50 penalty units.

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