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National Consumer Credit Protection Act 2009
51Obligation to provide ASIC with assistance if reasonably requested
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51 Obligation to provide ASIC with assistance if reasonably requested
Requirement to provide assistance
(1) If ASIC, or a person authorised by ASIC, reasonably requests assistance from a licensee in relation to whether the licensee and its representatives are complying with the credit legislation, the licensee must give ASIC or the authorised person the requested assistance.
(2) If the request is in writing, it is not a legislative instrument.
(a) the person is subject to a requirement to give ASIC or an authorised person assistance under subsection (1); and
Assistance may include showing ASIC credit books etc.
(4) The assistance referred to in subsection (1) may include showing ASIC the person’s credit books or giving ASIC other information.
Subdivision C—Notifying and remediating consumers affected by reportable situations