New South Wales Consolidated Acts

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Ownership of records

154K Ownership of records

(1) Subject to the regulations, all records and other documents made and kept, or received and kept, by a scheme agent in the exercise of functions on behalf of the Nominal Insurer are the property of the Nominal Insurer.
(2) The Nominal Insurer may give directions to a scheme agent with respect to possession, custody and control of, and the granting of access to, those records and other documents.
(3) A scheme agent must comply with any such directions given by the Nominal Insurer to the scheme agent.
: Maximum penalty--1,000 penalty units.
(4) A reference in this section to a scheme agent includes a reference to a person who was formerly (but is no longer) a scheme agent.

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