National Consumer Credit Protection Act 2009
ASIC may give to:
(a) a person who engages in a credit activity (either alone or together with any other person or persons); or
(b) a person who ASIC, on reasonable grounds, suspects has been a party to engaging in a credit activity; or
(c) a representative, banker, lawyer or auditor of a person referred to in paragraph (a) or (b);
a written notice requiring the production to a specified ASIC member or ASIC staff member, at a specified place and time, of specified books relating to:
(d) a credit activity engaged in by a person; or
(e) the character or financial situation of, or a business carried on by, a person who engages, or has engaged, in a credit activity.
Note:
Failure to comply with a requirement made under this subsection is an offence (see section 290 ).
View history note
Hide history note266(2)
ASIC may give to: (a) a Part 3-2CA body that is, or has been, subject to a requirement under Part 3-2CA (other than Division 4 ), either alone or together with any other person or persons; or (b) a representative, banker, lawyer or auditor of a person referred to in paragraph (a);
a written notice requiring the production to a specified ASIC member or ASIC staff member, at a specified place and time, of specified books relating to:
(c) information, or a statement, to which that requirement relates; or (d) the character or financial situation of, or a business carried on by, a person who is, or has been, subject to that requirement.Note 1:
Part 3-2CA is about mandatory comprehensive credit reporting.
Note 2:
Failure to comply with a requirement made under this subsection is an offence (see section 290 ).
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