National Consumer Credit Protection Act 2009
If, in the course of an investigation under this Part, ASIC forms the opinion that:
(a) a serious contravention of a law of the Commonwealth, or a law of a referring State or a Territory, has been committed; or
(b) to prepare an interim report about the investigation would enable or assist the protection, preservation or prompt recovery of property; or
(c) there is an urgent need for the Commonwealth credit legislation to be amended;
it must prepare an interim report that relates to the investigation and sets out:
(d) if paragraph (a) applies - its findings about the contravention, and the evidence and other material on which those findings are based; or
(e) if paragraph (b) applies - such matters as, in its opinion, will so enable or assist; or
(f) if paragraph (c) applies - its opinion about amendment of that legislation, and its reasons for that opinion;
and such other matters relating to, or arising out of, the investigation as it considers appropriate.
249(2) [ Direction by Minister]ASIC may prepare an interim report about an investigation under this Part and must do so if the Minister so directs.
249(3) [ Content of report in subsection (2)]A report under subsection (2) must set out such matters relating to, or arising out of, the investigation as ASIC considers appropriate or the Minister directs.
249(4) [ Not a legislative instrument]An interim report prepared under this section is not a legislative instrument.
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