National Consumer Credit Protection Act 2009

CHAPTER 6 - COMPLIANCE AND ENFORCEMENT  

PART 6-3 - INSPECTION OF BOOKS AND AUDIT INFORMATION-GATHERING POWERS  

Division 2 - Inspection of books and audit information-gathering powers  

SECTION 264   ASIC MAY INSPECT BOOKS WITHOUT CHARGE  

264(1)   [ Inspection]  

A book that the Commonwealth credit legislation requires a person to keep must be open for inspection (without charge) by a person authorised in writing by ASIC.

264(2)   [ Authorised person may require inspection]  

A person (the authorised person ) authorised under this section may require a person in whose possession, custody or control the book is to make the book available for inspection by the authorised person.

Note:

Failure to comply with a requirement made under this subsection is an offence (see section 290 ).

264(3)   [ Strict liability]  

An offence under subsection 290(2) relating to subsection (2) of this section is an offence of strict liability.

Note:

For strict liability, see section 6.1 of the Criminal Code .

264(4)   [ Scope of authorisation]  

An authorisation under this section may be of general application or may be limited by reference to the books to be inspected.