Bankruptcy Legislation Amendment Act 2010 (106 of 2010)

Schedule 2   Offence provisions etc.

Bankruptcy Act 1966

4   After subsection 12(2)

Insert:

(2A) If the Inspector-General believes on reasonable grounds that a person has information that is relevant to an inquiry or investigation under paragraph (1)(bc), the Inspector-General may, by written notice given to the person, require the person to give to the Inspector-General, within the period and in the manner specified in the notice, any such information.

(2B) The period specified in a notice given under subsection (2A) must be at least 14 days after the notice is given.

(2C) A person commits an offence if:

(a) the person has been given a notice under subsection (2A); and

(b) the person fails to comply with the notice.

Penalty: Imprisonment for 12 months.

(2D) A notice under subsection (2A) must set out the effect of the following provisions:

(a) subsection (2C);

(b) section 137.1 of the Criminal Code (about giving false or misleading information).

(2E) Subsection (2A) does not limit the application of subsection (2) in relation to an inquiry or investigation under paragraph (1)(bc).