Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 814

ASIC may require production of authority

(1) Where ASIC has reason to believe that a person:

holds a proper authority from a licensee; or

has done an act as a representative of another person;

then, whether or not ASIC knows who the licensee or other person is, it may require the first-mentioned person to produce:

any proper authority from a licensee; or

any invalid securities authority from a person;

that the first-mentioned person holds.

(2) A person must not, without reasonable excuse, refuse or fail to comply with a requirement under this section.

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