92HCompliance with reporting, record‑keeping and notification requirements

92H Compliance with reporting, record‑keeping and notification requirements

Reporting requirements (1) If a person is subject to a requirement under the Opt‑in Scheme to give a report to the Regulator, the person must comply with that requirement. Record‑keeping requirements (2) If a person is subject to a requirement under the Opt‑in Scheme to: (a) make a record of information; or (b) retain such a record or a copy; the person must comply with that requirement. Notification requirements (3) If a person is subject to a requirement under the Opt‑in Scheme to notify a matter to the Regulator, the person must comply with that requirement. Ancillary contraventions (4) A person must not: (a) aid, abet, counsel or procure a contravention of subsection (1), (2) or (3); or (b) induce, whether by threats or promises or otherwise, a contravention of subsection (1), (2) or (3); or (c) be in any way, directly or indirectly, knowingly concerned in, or party to, a contravention of subsection (1), (2) or (3); or (d) conspire with others to effect a contravention of subsection (1), (2) or (3). Civil penalty provisions (5) Subsections (1), (2), (3) and (4) are civil penalty provisions.

Note: Part 17 provides for pecuniary penalties for breaches of civil penalty provisions.