Entry on premises
80 Entry on premises
If APRA or the inspector, while investigating the whole or a part of the affairs of a designated security trust fund, believes on reasonable grounds that it is necessary for the purposes of the investigation to enter land or premises occupied by:
the trustee, or a former trustee, of the fund; or
the custodian, or a former custodian, of the fund; or
the investment manager, or a former investment manager, of the fund;
an authorised person (if the investigation is by APRA), or the inspector, may, at all reasonable times, enter the land or premises and may:
examine books on the land or premises that relate to the affairs of the trust fund or that the authorised person or inspector believes on reasonable grounds relate to those affairs; and
take possession of any of those books for such period as the authorised person or inspector thinks necessary for the purposes of the investigation; and
make copies of, or take extracts from, any of those books.
The authorised person or the inspector must permit a person otherwise entitled to possession of the books, or a person authorised by that person, to inspect those books.
The authorised person or the inspector must not exercise the power conferred by subsection (1) to enter residential land or residential premises if the occupier of the land or premises has not consented to the entry.
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