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National Consumer Credit Protection Act 2009
252Guide to this Part
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252 Guide to this Part
This Part is about the examination of persons by ASIC.
Division 2 allows ASIC to examine a person if ASIC suspects or believes, on reasonable grounds, that the person can give information relevant to an investigation under Part 6‑1.
Division 2 also includes rules relating to the procedure for examination of persons by ASIC.
Division 2—Examination of persons
253 Notice requiring appearance for examination
(1) This section applies if ASIC, on reasonable grounds, suspects or believes that a person can give information relevant to a matter that it is investigating, or is to investigate, under Part 6‑1.
(2) ASIC may, by written notice given to the person in the form prescribed by the regulations, require the person:
(a) to give to ASIC all reasonable assistance in connection with the investigation; and
(b) to appear before a specified ASIC member or ASIC staff member for examination on oath and to answer questions.
(3) A notice given under subsection (2) must:
(a) state the general nature of the matter referred to in subsection (1); and
(b) set out the effect of subsection 257(1) and section 295.