CTHIn ForceAct
Australian Securities and Investments Commission Act 2001
29ASIC may inspect books without charge
Start here
Get a plain-English read of 29
Turn the raw legal text into a practical explanation grounded in Australian Securities and Investments Commission Act 2001.
#### 29 ASIC may inspect books without charge
(1) A book that the corporations legislation (other than the excluded provisions) requires a person to keep must be open for inspection (without charge) by a person authorised in writing by ASIC.
(2) A person authorised under this section may require a person in whose possession the book is to make the book available for inspection by the first‑mentioned person.
(2A) An offence under subsection 63(3) relating to subsection (2) of this section is an offence of strict liability.
> Note: For strict liability, see section 6.1 of the Criminal Code.
(3) An authorisation under this section may be of general application or may be limited by reference to the books to be inspected.