Obligation to give ASIC information required by the regulations
133CZH Obligation to give ASIC information required by the regulations
Regulations may require Part 3‑2CA body to give information
The regulations may require:
a Part 3‑2CA body; or
each Part 3‑2CA body in a class of Part 3‑2CA bodies;
to give ASIC specified information about whether the body, or another Part 3‑2CA body, is complying with this Part (other than Division 4).
Requirement to comply with regulations
If regulations under subsection (1) require a Part 3‑2CA body to give ASIC information, the body must give ASIC that information.
Civil penalty: 5,000 penalty units.
Offence
A person commits an offence if:
the person is subject to a requirement to give ASIC information under subsection (2); and
the person engages in conduct; and
the conduct contravenes the requirement.
Criminal penalty: 6 months imprisonment.
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