154KOwnership of records

#### 154K Ownership of records 154K Ownership of records > > (1) Subject to the regulations, all records and other documents made and kept, or received and kept, by a scheme agent in the exercise of functions on behalf of the Nominal Insurer are the property of the Nominal Insurer. > > > (2) The Nominal Insurer may give directions to a scheme agent with respect to possession, custody and control of, and the granting of access to, those records and other documents. > > > (3) A scheme agent must comply with any such directions given by the Nominal Insurer to the scheme agent. > > > > Maximum penalty—1,000 penalty units. > > > (4) A reference in this section to a scheme agent includes a reference to a person who was formerly (but is no longer) a scheme agent. > > **ss 154H–154L:** Ins 2003 No 81, Sch 1 \[2\].