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CORPORATIONS ACT 2001 - SECT 994H

Information to be provided to ASIC

             (1)  ASIC may, in writing, require:

                     (a)  a person who makes, or is required by this Part to make, a target market determination for a financial product; or

                     (b)  a regulated person who engages in retail product distribution conduct in relation to a financial product;

to provide ASIC with distribution information, relating to the financial product, that is in the person's possession or to which the person has access.

             (2)  ASIC may, in writing, require a person who makes, or is required by this Part to make, a target market determination for a financial product to provide records referred to in subsection 994F(1) relating to the product.

             (3)  A person who is required by ASIC to provide it with distribution information or records under subsection (1) or (2) must comply with the requirement:

                     (a)  by the date specified by ASIC in the requirement; or

                     (b)  if no date is so specified, within 10 business days after the day the person is notified by ASIC of the requirement in subsection (1) or (2).

Note 1:       Failure to comply with this subsection is an offence (see subsection 1311(1)).

Note 2:       This subsection is also a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this subsection, see section 1317S.



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