sec.70Requirement to give information or material for investigation

sec.70 Requirement to give information or material for investigation

In investigating a general licensee or business or executive associate of a general licensee, the chief executive may, by notice given to the person being investigated, require the person to give the chief executive information or material that is relevant to the investigation. When making the requirement, the chief executive must warn the person it is an offence to fail to comply with the requirement, unless the person has a reasonable excuse for not complying with it. The person must comply with the requirement, unless the person has a reasonable excuse for not complying with it. Maximum penalty—200 penalty units. It is a reasonable excuse for the person not to comply with the requirement if complying with it might tend to incriminate the person. (sec.70-ssec.1) In investigating a general licensee or business or executive associate of a general licensee, the chief executive may, by notice given to the person being investigated, require the person to give the chief executive information or material that is relevant to the investigation. (sec.70-ssec.2) When making the requirement, the chief executive must warn the person it is an offence to fail to comply with the requirement, unless the person has a reasonable excuse for not complying with it. (sec.70-ssec.3) The person must comply with the requirement, unless the person has a reasonable excuse for not complying with it. Maximum penalty—200 penalty units. (sec.70-ssec.4) It is a reasonable excuse for the person not to comply with the requirement if complying with it might tend to incriminate the person.