Document ID: chunk:federal_register_of_legislation:C2024C00826:section:133czi
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 133CZI
Character Range: 355421–356262

133CZI  Obligation to provide ASIC with assistance if reasonably requested

Requirement to provide assistance
 (1) If ASIC, or a person authorised by ASIC, reasonably requests assistance from a Part 3‑2CA body (the assisting body) about whether:
 (a) the assisting body; or
 (b) another Part 3‑2CA body;
is complying with this Part (other than Division 4), the assisting body must give ASIC or the authorised person the requested assistance.
Civil penalty: 5,000 penalty units.
 (2) If the request is in writing, it is not a legislative instrument.

Offence
 (3) A person commits an offence if:
 (a) the person is subject to a requirement to give ASIC or an authorised person assistance under subsection (1); and
 (b) the person engages in conduct; and
 (c) the conduct contravenes the requirement.
Criminal penalty: 6 months imprisonment.