Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 908BS

Obligation to give ASIC access to licensee's facilities

    A person commits an offence if:

  (a)   the person is a benchmark administrator licensee; and

  (b)   ASIC requests, in writing, the person to provide reasonable access to any of the person's facilities for any of the purposes of this Part; and

  (c)   the facilities relate to the person's capacity as such a licensee; and

  (d)   the person fails to comply with the request.

Penalty:   100 penalty units.


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