364Minister may ask for further information

364 Minister may ask for further information

364 Minister may ask for further information

(1) If:

(a) an application is made under section 363 for approval of a transfer, and

(b) the Minister has reason to believe that a person possesses or controls a document that relates to:

(i) the transfer document, or

(ii) the transfer transaction, or

(iii) the application for approval of the transfer,

the Minister may ask the person:

(c) to give the document to the Minister, or

(d) to make the document available for inspection by or on behalf of the Minister.

(2) The request under subsection (1) must be made by giving to the person a written notice containing the request.

(3) A person must not fail to comply with a request under subsection (1) without reasonable excuse.

Maximum penalty: $5 000.