National Consumer Credit Protection Act 2009

CHAPTER 3 - RESPONSIBLE LENDING CONDUCT  

PART 3-2CA - LICENSEES SUPPLYING CREDIT INFORMATION TO CREDIT REPORTING BODIES ETC.  

Division 5 - Assisting ASIC  

SECTION 133CZH   OBLIGATION TO GIVE ASIC INFORMATION REQUIRED BY THE REGULATIONS  

Regulations may require Part 3-2CA body to give information

133CZH(1)    
The regulations may require:

(a)    a Part 3-2CA body; or

(b)    each Part 3-2CA body in a class of Part 3-2CA bodies;

to give ASIC specified information about whether the body, or another Part 3-2CA body, is complying with this Part (other than Division 4 ).

Requirement to comply with regulations

133CZH(2)    
If regulations under subsection (1) require a Part 3-2CA body to give ASIC information, the body must give ASIC that information.

Civil penalty: 5,000 penalty units.

Offence

133CZH(3)    
A person commits an offence if:

(a)    the person is subject to a requirement to give ASIC information under subsection (2); and

(b)    the person engages in conduct; and

(c)    the conduct contravenes the requirement.

Criminal penalty: 6 months imprisonment.