20Substantiation notices

20 Substantiation notices

(1) This section applies to a person if: (a) the person has provided to ASIC, under section 8 for a levy period, information (required information) relating to the person or to one or more other persons on whom levy may be imposed; or (b) information (also required information) relating to the person is to be used by ASIC for the purposes of calculating the levy payable by the person for a levy period. (2) ASIC may give the person a written notice that requires the person to do either or both of the following: (a) give to ASIC, within the period and in the manner and form specified in the notice, information that could be capable of substantiating the required information; (b) produce to ASIC, within the period and in the manner and form specified in the notice, documents that could be capable of substantiating the required information. (3) The notice must: (a) name the person to whom it is given; and (b) specify the information to which it relates; and (c) explain the effect of sections 21 and 22.