10SRequirement to provide entity information

10S Requirement to provide entity information

(1) The rules may require an entity (the first entity) that is a reporting entity or a reporting nominee to give the Regulator information about: (a) the first entity; and (b) any entities that the first entity controls.

Note: The rules may require a payment times report given by the entity to include a declaration that information given to the Regulator under rules made for the purposes of this section is correct (see paragraph 14(2)(d)).

(2) Without limiting subsection (1), the rules may do any of the following: (a) require information relating to any of the following: (i) the identity of an entity; (ii) an entity’s financial, accounting or governance arrangements; (iii) a description or classification of an entity’s business activities; (iv) an entity’s principal governing body and responsible members; (v) contact details; (vi) an entity’s invoicing and procurement practices; (b) require information to be given at particular times; (c) require the first entity to update or correct information that has previously been provided; (d) require information to be given in the form and manner (if any) approved in an instrument under subsection (3). (3) The Regulator may, by notifiable instrument, approve a form or manner for the purposes of paragraph (2)(d).