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National Consumer Credit Protection Act 2009
264ASIC may inspect books without charge
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264 ASIC may inspect books without charge
(1) A book that the Commonwealth credit legislation requires a person to keep must be open for inspection (without charge) by a person authorised in writing by ASIC.
(2) A person (the authorised person) authorised under this section may require a person in whose possession, custody or control the book is to make the book available for inspection by the authorised person.
(3) An offence under subsection 290(2) relating to subsection (2) of this section is an offence of strict liability.
(4) An authorisation under this section may be of general application or may be limited by reference to the books to be inspected.