62Regulator may request information

62 Regulator may request information

Request for information from accountable entities (1) The Regulator may request an accountable entity to give to the Regulator information relating to any of the following: (a) the accountable entity; (b) a significant related entity of the accountable entity; (c) an accountable person of the accountable entity, or of a significant related entity of the accountable entity; (d) a related body corporate of the accountable entity; (e) a related body corporate of a significant related entity of the accountable entity; (f) if the accountable entity is an RSE licensee—a connected entity of the accountable entity.

Note 1: Failure to comply with the request is an offence (see section 63).

Note 2: For when bodies corporate are related, see section 8.

Request for information from significant related entities (2) The Regulator may request a significant related entity of an accountable entity to give to the Regulator information relating to any of the following: (a) the accountable entity; (b) the significant related entity; (c) an accountable person of the significant related entity; (d) a related body corporate of the significant related entity.

Note 1: Failure to comply with the request is an offence (see section 63).

Note 2: For when bodies corporate are related, see section 8.

Request for information from accountable persons (3) The Regulator may request an accountable person of an accountable entity, or of a significant related entity, to give to the Regulator information relating to: (a) the accountable entity; or (b) the significant related entity.

Note: Failure to comply with the request is an offence (see section 63).

Purposes of request (4) However, the Regulator may request information under this section only if: (a) the request is made for one or more of the following purposes: (i) performing a function or exercising a power of the Regulator under this Act; (ii) ensuring compliance with this Act; (iii) taking action in relation to non‑compliance, or suspected non‑compliance, with this Act; and (b) the Regulator has reasonable grounds to believe that the information is relevant to that purpose or those purposes. Requirements of request (5) The request: (a) must be made in writing; and (b) must state what information must be given to the Regulator; and (c) may require the information to be verified by statutory declaration; and (d) must specify a day on or before which the information must be given; and (e) must contain a statement to the effect that a failure to comply with the request is an offence; and (f) may include a requirement to produce books, accounts or documents. (6) The day specified under paragraph (5)(d) must be at least 14 days after the day on which the request was made.