Financial Intermediaries Act 1996
sec.163Returns
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sec.163 Returns
A society must file returns with the registrar— under a relevant standard; or under a regulation. Maximum penalty—80 penalty units. The registrar may, by written notice, require a society to file the further returns that the registrar requires. A further return must contain the information required by the notice and must be filed as often as is required by the notice. The registrar may, by written notice, require a society to file with a return or further return a report by a registered company auditor, or other person of a stated class, on stated matters to which the return relates. A society must not fail to comply with a requirement of a notice given to it under this section, unless the society has a reasonable excuse. Maximum penalty for subsection (5) —400 penalty units. s 163 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.163-ssec.1) A society must file returns with the registrar— under a relevant standard; or under a regulation. Maximum penalty—80 penalty units. (sec.163-ssec.2) The registrar may, by written notice, require a society to file the further returns that the registrar requires. (sec.163-ssec.3) A further return must contain the information required by the notice and must be filed as often as is required by the notice. (sec.163-ssec.4) The registrar may, by written notice, require a society to file with a return or further return a report by a registered company auditor, or other person of a stated class, on stated matters to which the return relates. (sec.163-ssec.5) A society must not fail to comply with a requirement of a notice given to it under this section, unless the society has a reasonable excuse. Maximum penalty for subsection (5) —400 penalty units.
- (a) under a relevant standard; or
- (b) under a regulation.