Commissioner may require provision of information
94 Commissioner may require provision of information
The Commissioner may, by notice given to an incorporated limited partnership, require it to give specified information to the
Commissioner for monitoring compliance with this Part.
The partnership must give the information within:
a period specified in the notice that is at least 28 days after the date of the notice; or
any additional period allowed by the Commissioner.
Each general partner in the partnership commits an offence if the partnership contravenes subsection (2).
Maximum penalty: If the offender is a natural person – 100 penalty units.
If the offender is a body corporate – 500 penalty units.
It is a defence to a prosecution for the offence if the general partner proves that:
the general partner did not know about the contravention; and
reasonable precautions and appropriate diligence had been exercised to avoid the contravention.
This section does not affect the Commissioner's powers and functions under the Consumer Affairs and Fair Trading Act 1990.
This Act’s bill:Second reading speech
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