48Compliance by nominee

#### 48 Compliance by nominee (1) If, under section 47, a notice is given to a participant’s nominee, the following paragraphs have effect: (a) for the purposes of this Act, other than this Part, the notice is taken: (i) to have been given to the participant; and (ii) to have been so given on the day the notice was given to the nominee; (b) any requirement made of the person to: (i) inform the Secretary of a matter; or (ii) provide information or a document to the Secretary; may be satisfied by the nominee; (c) any act done by the nominee for the purposes of satisfying such a requirement has effect, for the purposes of this Act, as if it had been done by the participant; (d) if the nominee fails to satisfy such a requirement, the participant is taken, for the purposes of this Act, to have failed to comply with the requirement. (2) To avoid doubt, for the purposes of this Act, the participant is taken to have complied with a requirement if: (a) the requirement imposes an obligation on the participant to inform the Secretary of a matter, or provide information or a document, within a specified period; and (b) the nominee does so within that period. (3) To avoid doubt, for the purposes of this Act, the participant is taken not to have complied with a requirement if: (a) the requirement imposes an obligation on the participant to inform the Secretary of a matter, or provide information or a document, within a specified period; and (b) the nominee does not do so within that period.