Document ID: chunk:federal_register_of_legislation:C2025C00189:section:58bg
Version: federal_register_of_legislation:C2025C00189
Segment Type: section
Provision Reference: s 58BG
Character Range: 967559–968430

58BG  Reporting about compliance with this Subdivision—civil penalty provision
 (1) A regulated entity for a regulated sector contravenes this subsection if:
 (a) the SPF general regulator, or the SPF sector regulator for the sector, gives the entity a written request for a copy of:
 (i) the entity's SPF governance policies, procedures, metrics and targets for the sector; or
 (ii) specified kinds of other records required by this Subdivision to be kept for the sector by the entity; and
 (b) the entity fails to comply with the request within:
 (i) 10 business days after the day the entity is given the request; or
 (ii) such longer period as is allowed by the SPF regulator.
 (2) Subsection (1) is a civil penalty provision.
Note: This means subsection (1) is a civil penalty provision of an SPF principle for the purposes of section 58FJ (about civil penalties).