500Inspectors may require certain persons to appear, answer questions and produce documents

500 Inspectors may require certain persons to appear, answer questions and produce documents

500 Inspectors may require certain persons to appear, answer questions and produce documents

(1) An inspector may, by notice in the approved form—

(a) require a co-operative to produce to the inspector at a time and place stated in the notice stated relevant documents relating to the co-operative; and

(b) require a person who is involved in the activities of a co-operative to produce to the inspector at a time and place stated in the notice stated relevant documents relating to the co-operative; and

(c) require a person who is involved in the activities of a co-operative—

(i) to attend before the inspector at a time and place stated in the notice; and

(ii) to answer questions put to the person by the inspector relating to the promotion, formation, membership, control, transactions, dealings, business or property of the co-operative.

(2) A person is considered to be involved in the activities of a co-operative if the person—

(a) is or has been an officer or employee of, or an agent, authorised deposit-taking institution, Australian legal practitioner, auditor or other person acting in any capacity for, the co-operative; or

(b) has a relevant document relating to the co-operative in the person’s possession or control; or

(c) was a party to the creation of a relevant document relating to the co-operative.