155—Powers of regulator to obtain information
(1) This section
applies if the regulator has reasonable grounds to believe that a person is
capable of giving information, providing documents or giving evidence in
relation to a possible contravention of this Act or that will assist the
regulator to monitor or enforce compliance with this Act.
(2) The regulator may,
by written notice served on the person, require the person to do one or more
of the following:
(a) to
give the regulator, in writing signed by the person (or in the case of a body
corporate, by a competent officer of the body corporate) and within the time
and in the manner specified in the notice, that information of which the
person has knowledge;
(b) to
produce to the regulator, in accordance with the notice, those documents;
(c) to
appear before a person appointed by the regulator on a day, and at a time and
place, specified in the notice (being a day, time and place that are
reasonable in the circumstances) and give either orally or in writing that
evidence and produce those documents.
(3) The notice
must—
(a)
state that the requirement is made under this section; and
(b)
contain a statement to the effect that a failure to comply with a requirement
is an offence; and
(c) if
the notice requires the person to provide information or documents or answer
questions—
(i)
contain a statement about the effect of sections 172
and 269; and
(ii)
state that the person may attend with a legal
practitioner.
(4) The regulator must
not make a requirement under subsection (2)(c) unless the regulator has
taken all reasonable steps to obtain the information under
subsection (2)(a) and (b) and has been unable to do so.
(5) A person must not,
without reasonable excuse, refuse or fail to comply with a requirement under
this section.
Maximum penalty:
(a) in
the case of an individual—$10 000;
(b) in
the case of a body corporate—$50 000.
(6) Subsection (5)
places an evidential burden on the accused to show a reasonable excuse.
(7) Section 172
(with any necessary changes) applies to a requirement under this section.