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 267   NOTICE TO PRODUCE DOCUMENTS IN PERSON'S POSSESSION  

267(1)    
ASIC may give to a person (the recipient ) a written notice requiring the production to a specified ASIC member or ASIC staff member, at a specified place and time, of specified books that are in the recipient ' s possession, custody or control and relate to:

(a) affairs of a licensee, credit representative or other person who engages, or has engaged, in a credit activity; or

(b) a matter referred to in paragraph 266(1)(d) or (e) or (2)(c) or (d).

267(2)    
ASIC may give to a person (the recipient ) a written notice requiring the production to a specified ASIC member or ASIC staff member, at a specified place and time, of specified books that are in the recipient ' s possession, custody or control and that relate to the question whether an auditor has complied with audit requirements under the Commonwealth credit legislation.

Note:

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