Document ID: chunk:federal_register_of_legislation:C2024C00828:section:557
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 557
Character Range: 1353139–1354854

557  Titles Administrator may obtain information from a party to an approved dealing

Scope
 (1) This section applies if:
 (a) a person is a party to a dealing relating to a title; and
 (b) the dealing has been approved under section 543.

Requirement to give information
 (2) The Titles Administrator may, by written notice given to the person, require the person to give to the Titles Administrator, within the period and in the manner specified in the notice, such information about alterations in the interests or rights existing in relation to the title as the Titles Administrator considers necessary or advisable.
 (3) A period specified under subsection (2) must not be shorter than 14 days after the notice is given.

Offences
 (4) A person commits an offence if:
 (a) the person has been given a notice under subsection (2); and
 (b) the person omits to do an act; and
 (c) the omission contravenes a requirement in the notice.
Penalty: 50 penalty units.
 (4A) An offence against subsection (4) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (5) A person commits an offence if:
 (a) the Titles Administrator requires the person to give information under subsection (2); and
 (b) the person gives information; and
 (c) the person does so knowing that the information is false or misleading in a material particular.
Penalty: 50 penalty units.

Notice to set out the effect of offence provisions
 (6) A notice under subsection (2) must set out the effect of the following provisions:
 (a) subsection (4);
 (b) subsection (5).
Note: The same conduct may be an offence against both subsection (5) of this section and section 137.1 of the Criminal Code.