17Substantiation notices

17 Substantiation notices

(1) This section applies to a person if: (a) the person has provided to ASIC, in a return required by section 11, information (required information) relating to the person or to one or more other leviable entities; or (b) the person is a leviable entity and 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. (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 18 and 19.