Commonwealth Numbered Acts

FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT LEVY (COLLECTION) ACT 2023 (NO. 45, 2023) - SECT 20

             (1)  This section applies to a person if:

                     (a)  the person has provided to ASIC, under section 8 for a levy period, information ( required information ) relating to the person or to one or more other persons on whom levy may be imposed; or

                     (b)  information (also required information ) relating to the person is to be used by ASIC for the purposes of calculating the levy payable by the person for a levy period.

             (2)  ASIC may give the person a written notice that requires the person to do either or both of the following:

                     (a)  give to ASIC, within the period and in the manner and form specified in the notice, information that could be capable of substantiating the required information;

                     (b)  produce to ASIC, within the period and in the manner and form specified in the notice, documents that could be capable of substantiating the required information.

             (3)  The notice must:

                     (a)  name the person to whom it is given; and

                     (b)  specify the information to which it relates; and

                     (c)  explain the effect of sections 21 and 22.