Keeping and making available records for public inspection
81 Keeping and making available records for public inspection
A person must ensure that —
if the person is an accredited person or has an exemption under this Law — the current notice of accreditation or exemption; and
any other document prescribed by the national regulations for the purposes of this section,
are available for inspection —
if the person is a body corporate — at the person’s registered office during ordinary business hours;
if the person is not a body corporate — at the person’s principal place of business during ordinary business hours (or, if the Regulator approves another place and time, at that place and time).
Maximum Penalty:
in the case of an individual — $5 000;
in the case of a body corporate — $25 000.
A person who is required under subsection (1) to make available documents for inspection must maintain a register of those documents for inspection.
Maximum Penalty:
in the case of an individual — $5 000;
in the case of a body corporate — $25 000.
This Act’s bill:Explanatory memorandumSecond reading speech
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