Statute
Section 908BR — Corporations Act 2001: Obligation to assist ASIC, APRA and the Reserve Bank
Text of the provision Official document
(1) ASIC, APRA and the Reserve Bank are each a regulator to which this section applies. (2) A person commits an offence if: (a) the person is a benchmark administrator licensee; and (b) a regulator to which this section applies reasonably requests, in writing, the person to: (i) give the regulator access to the person’s books that relate to the person’s capacity as such a licensee; or (ii) give other assistance to the regulator in relation to the performance of the regulator’s functions; and (c) the person fails to comply with the request. Penalty: 100 penalty units.
Official source: Federal Register of Legislation
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