197HPower to give information or document production notice

197H Power to give information or document production notice (1) The Secretary may give a written notice to a person requiring the person to provide to the Secretary specified information or information belonging to a specified class of information, or a specified document or a document belonging to a specified class of document, if the Secretary reasonably believes that— (a) the information or document is in the person's knowledge, possession, custody or control; and (b) the information is, or the document contains information that is, necessary— (i) for monitoring a regulated person's compliance with this Act or the regulations; or (ii) for determining whether the person or another person has committed an offence against Part 7; or (iii) for determining whether the person or another person has committed an offence against a provision of the regulations that applies to a person described in paragraph (a), (b) or (c) of the definition of ***regulated person***. (2) An information or document production notice must— (a) state the name of the person to whom the notice is given; and (b) specify the grounds on which the notice is given; and (c) specify the information or document required to be provided or produced under the notice; and (d) specify the time period, being not less than 10 business days after the notice is given, within which the person must comply with the notice; and (e) state that it is an offence to contravene the notice without reasonable excuse and that the maximum penalty for the offence is 60 penalty units in the case of a natural person or 300 penalty units in the case of a body corporate; and (f) include information about the person's right to seek review of the Secretary's decision— (i) to give the information or document production notice to the person; or (ii) to give a notice to the person— (A) amending the period within which the person must comply with the information or document production notice; or (B) amending or revoking the requirement to provide or produce particular information or a particular document; and (g) state that a natural person to whom an information or document production notice is given— (i) may refuse or fail to provide any information specified in the notice if doing so would tend to incriminate the person; and (ii) may not refuse or fail to produce a document specified in the notice if doing so would tend to incriminate the person; and (h) include any other prescribed details. (3) The Secretary may give a written notice to a person to whom an information or document production notice is given— (a) amending the period within which the person must comply with the notice; or (b) amending or revoking the requirement to provide or produce particular information or a particular document; or (c) withdrawing the notice. S. 197I inserted by No. 39/2024 s. 104.