23Compliance with substantiation notices

23 Compliance with substantiation notices

23 Compliance with substantiation notices

(1) A person who is given a substantiation notice must comply with the substantiation notice within the compliance period.

Maximum penalty—

(a) for an individual—40 penalty units, or

(b) otherwise—200 penalty units.

(2) If an application has been made under section 22(1) for an extension of the period specified in the substantiation notice, the compliance period includes the period up until the time when the applicant is given notice of the Monitor’s decision about the application.

(3) Despite subsection (1), an individual may refuse or fail to give particular information or a particular record as required by a substantiation notice on the ground the information or record might—

(a) incriminate the individual, or

(b) make the individual liable to a penalty.

(4) In this section—

compliance period means—

(a) the period of 21 days specified in the substantiation notice, or

(b) if the period for complying with the notice has been extended under section 22—the extended period.