(1) In this section
—
authorised person means the CEO or a person
authorised, for the purposes of this section, in writing by the CEO;
relevant matter means the following —
(a) the
scheme, including its administration and proper operation;
(b) the
performance of the Coordinator;
(c)
compliance with this Act or any contractual arrangements relating to the
scheme.
(2) An authorised
person may require a person —
(a) to
provide oral or written answers to specified questions in relation to a
relevant matter; or
(b) to
produce to the authorised person specified material or material of a specified
class that is —
(i)
in relation to a relevant matter; and
(ii)
in the person’s possession or control.
(3) The authorised
person may make the requirement —
(a) if
an oral response is required — orally; or
(b) in
any other case — by notice given to the person to whom the requirement
is addressed.
(4) The authorised
person must —
(a)
allow a person a reasonable time within which to comply with the requirement;
and
(b) if
the requirement is made by notice given to the person, specify the time
allowed in the notice.
(5) The authorised
person may require a person to verify information or documents by statutory
declaration.
(6) A person must
comply with a requirement under this section within the time allowed under
subsection (4) or within any further time allowed by the authorised person.
Penalty for this subsection:
(a) a
fine of $20 000;
(b) a
daily penalty of a fine of $2 000 for each day or part of a day during which
the offence continues.
(7) The CEO must
ensure that each authorised person (other than the CEO) is issued with an
authority in writing signed by the CEO and bearing a photograph of that
authorised person.
(8) The authorised
person must carry the authority when performing functions under this section
and, if it is practicable to do so, produce the authority before making a
requirement under this section.
[Section 47ZZC inserted: No. 5 of 2019 s. 6.]