CTHIn ForceAct
Australian Securities and Investments Commission Act 2001
12GYBCompliance with substantiation notices
Start here
Get a plain-English read of 12GYB
Turn the raw legal text into a practical explanation grounded in Australian Securities and Investments Commission Act 2001.
#### 12GYB Compliance with substantiation notices
(1) A person who is given a substantiation notice must comply with it within the substantiation notice compliance period for the notice.
(2) The substantiation notice compliance period for a substantiation notice is:
(a) the period of 21 days specified in the notice; or
(b) if the period for complying with the notice has been extended under section 12GYA—the period as so extended.
(3) Despite subsection (1), an individual may refuse or fail to give particular information or produce a particular document in compliance with a substantiation notice on the ground that the information or production of the document might tend to incriminate the individual or to expose the individual to a penalty.