Section 58BG — Competition and Consumer Act 2010: Reporting about compliance with this Subdivision—civil penalty provision

(1) A regulated entity for a regulated sector contravenes this subsection if: (a) the SPF general regulator, or the SPF sector regulator for the sector, gives the entity a written request for a copy of: (i) the entity’s SPF governance policies, procedures, metrics and targets for the sector; or (ii) specified kinds of other records required by this Subdivision to be kept for the sector by the entity; and (b) the entity fails to comply with the request within: (i) 10 business days after the day the entity is given the request; or (ii) such longer period as is allowed by the SPF regulator. (2) Subsection (1) is a civil penalty provision. Note: This means subsection (1) is a civil penalty provision of an SPF principle for the purposes of section 58FJ (about civil penalties).