15Access to information of controlled entities

15 Access to information of controlled entities

If an entity to which this Part applies is, due to the limits of its capacity to exercise control over a controlled entity, unable to access: (a) information relating to the controlled entity that is required to be included in a payment times report for a reporting period for the entity; or (b) information relating to the controlled entity that must be used to work out a matter that is required to be included in such a report; then this Part is taken not to require that information to be so included or used.

Note: Reporting entities and reporting nominees must keep records of any information used in the preparation of a payment times report for a reporting period (see sections 29 and 29A of the Act).