Document ID: chunk:federal_register_of_legislation:C2006A00028:clause:5_1
Version: federal_register_of_legislation:C2006A00028
Segment Type: clause
Provision Reference: sch 5 cl 1
Character Range: 18834–20513

1  After section 9‑3
Insert:

9‑3A  Obligation to give information relating to accommodation bonds, entry contributions etc.

 (1) The Secretary may, at any time, request an approved provider to give to the Secretary specified information relating to any of the following:
 (a) *accommodation bonds charged by the approved provider;
 (b) the amount of one or more *accommodation bond balances at a particular time;
 (c) the amount equal to the total of the accommodation bond balances that the approved provider would have had to refund at a specified earlier time if certain assumptions specified in the request were made;
 (d) *entry contributions given or loaned under a *formal agreement binding the approved provider;
 (e) the amount of one or more *entry contribution balances at a particular time;
 (f) the amount equal to the total of the entry contribution balances that the approved provider would have had to refund at a specified earlier time if certain assumptions specified in the request were made.
The request must be in writing.

 (2) The approved provider must comply with the request within 28 days after the request was made, or within such shorter period as is specified in the request.

Note: Approved providers have a responsibility under Part 4.3 to comply with this obligation. Failure to comply with a responsibility can result in a sanction being imposed under Part 4.4.

 (3) An approved provider that is a *corporation commits an offence if it fails to comply with the request within the period referred to in subsection (2).

Penalty: 30 penalty units.

 (4) The request must contain a statement setting out the effect of subsections (2) and (3).