Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC, APRA and the Reserve Bank of Australia are each a regulator to which this section applies.
(2) A person commits an offence if:
(a) the person is a benchmark administrator licensee; and
(b) a regulator to which this section applies reasonably requests, in writing, the person to:
(i) give the regulator access to the person's books that relate to the person's capacity as such a licensee; or
(ii) give other assistance to the regulator in relation to the performance of the regulator's functions; and
(c) the person fails to comply with the request.