64CCompliance audits by service providers

64C Compliance audits by service providers

64C Compliance audits by service providers

(1) A service provider must, if required by the AER, carry out a compliance audit in connection with specified aspects of the activities of the service provider in relation to the service provider’s compliance with the requirements of this Law, the Regulations and the Rules.

(2) If the AER requires a service provider to carry out a compliance audit under this section, the service provider may arrange for the audit to be carried out on its behalf by contractors or other persons, but the service provider remains responsible for the audit.

(3) A service provider must, within a period specified by the AER, provide the AER with the results of a compliance audit carried out under this section.

Note—

Subsections (1) and (3) are civil penalty provisions.

s 64C: Ins 2022 No 21, sec 45.