Document ID: chunk:federal_register_of_legislation:C2025C00139:section:14:p17
Version: federal_register_of_legislation:C2025C00139
Segment Type: section
Provision Reference: s 14 (pt 17/66)
Character Range: 73097–76018

provides for an administrative penalty for failing to give the Commissioner a statement required by this Act within the required time.

Subdivision 60‑E—Additional reporting requirements

60‑70  Object of this Subdivision
  The object of this Subdivision is to ensure that the Commissioner can require further information to be provided in particular cases.
Example: If there is reason to believe that a registered entity has contravened this Act, further information could enable the Commissioner to carry out a recognised assessment activity in relation to the entity.

60‑75  Additional reporting requirements—particular registered entity

Additional report or additional reporting requirements
 (1) The Commissioner may:
 (a) determine, in writing, that:
 (i) a particular registered entity must prepare a report in addition to any other statement or report the registered entity is required to prepare; and
 (ii) the entity must give that report to the Commissioner by a time specified in the determination; or
 (b) determine, in writing, that a particular registered entity must:
 (i) include particular additional information in an information statement or financial report; or
 (ii) meet particular additional requirements in relation to the manner in which an information statement or financial report is to be prepared.
 (2) A determination under subsection (1) is not a legislative instrument.

Additional reports
 (3) A determination under paragraph (1)(a) must specify:
 (a) the information to be included in the report; and
 (b) any other requirements to be met in relation to the manner in which the report is prepared.
 (4) A determination under paragraph (1)(a) may require the report to be prepared:
 (a) for a particular period or periods; or
 (b) in relation to circumstances as they exist as at a particular date or dates.
This subsection does not limit subsection (3).
 (5) The determination may require the report to be prepared for all periods of a particular kind that start or end on or after a date specified in the determination. This subsection does not limit subsection (3).

Determination
 (6) A determination under subsection (1) may be made in respect of a past or future period but if it is in respect of a past period, the determination must be made no later than 6 years after the end of that period.
 (7) The Commissioner must give the registered entity written notice of the making of the determination.
 (8) A determination under subsection (1) must be for the purpose of enabling a recognised assessment activity to be carried out.

60‑80  Additional reporting requirements—classes of registered entities

Additional reports or additional reporting requirements
 (1) The Commissioner may:
 (a) make a determination in writing:
 (i) requiring a particular class of registered entities to prepare a report in addition to any information statement or financial report the entities are