Creditors to provide information
35 Creditors to provide information
The Corporation may by written notice require a creditor of a person who has applied for financial assistance under an approved assistance scheme administered by the Corporation to provide any documents or information in the possession or under the control of the creditor that the Corporation requires for the purposes of this Act.
A person must not without reasonable excuse fail to comply with a requirement under subsection (1) within 28 days after given notice of that requirement.
Penalty: $5 000.
A person must not in purported compliance with a requirement under subsection (1) —
wilfully make a false statement; or
wilfully provide false information.
Penalty: $10 000.
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