Commonwealth Consolidated Acts

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LIFE INSURANCE ACT 1995 - SECT 141

Requirement to produce records

  (1)   For the purposes of an investigation of business of a body corporate, the Regulator may give a person who is a relevant person in relation to the body corporate written notice requiring the person to produce to the Regulator or a specified authorised person, at a reasonable time and place specified in the notice, any records relating to that business.

  (2)   If:

  (a)   a requirement is made under subsection   (1); and

  (b)   the information that constitutes the records to which the requirement relates is stored, in whole or in part, by electronic means;

the person to whom the requirement is directed does not comply with the requirement unless he or she produces all of the records in documentary form.


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