Document ID: chunk:federal_register_of_legislation:C2023C00275:clause:2_18
Version: federal_register_of_legislation:C2023C00275
Segment Type: clause
Provision Reference: sch 2 cl 18
Character Range: 78638–79915

18  Obligation to give ASIC information required by the regulations

Regulations may require registered person to give information
(1) The regulations may require a registered person, or each registered person in a class of registered persons, to give ASIC specified information about the credit activities engaged in by the registered person or its representatives.

Requirement to comply with regulations
(2) If regulations under subitem (1) require a registered person to give ASIC information, the registered person must give ASIC that information.
Civil penalty: 2,000 penalty units.

Offence
(3) A person commits an offence if:
 (a) the person is subject to a requirement to give ASIC information under subitem (2); and
 (b) the person engages in conduct; and
 (c) the conduct contravenes the requirement.
Criminal penalty: 25 penalty units, or 6 months imprisonment, or both.

Strict liability offence
(4) A person commits an offence if:
 (a) the person is subject to a requirement to give ASIC information under subitem (2); and
 (b) the person engages in conduct; and
 (c) the conduct contravenes the requirement.
Criminal penalty: 10 penalty units.
(5) Subitem (4) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.