Payment Times Reporting Act 2020

PART 4 - COMPLIANCE AND ENFORCEMENT  

Division 3 - Regulatory powers  

SECTION 31   MONITORING POWERS  
Provisions subject to monitoring

31(1)    
A provision is subject to monitoring under Part 2 of the Regulatory Powers Act if it is:

(a)    a provision of this Act; or

(b)    an offence against the Crimes Act 1914 or the Criminal Code that relates to this Act.

Note:

Part 2 of the Regulatory Powers Act creates a framework for monitoring whether this Act has been complied with. It includes powers of entry and inspection.

Information subject to monitoring

31(2)    
Information given in compliance or purported compliance with a provision of this Act is subject to monitoring under Part 2 of the Regulatory Powers Act.

Note:

Part 2 of the Regulatory Powers Act creates a framework for monitoring whether the information is correct. It includes powers of entry and inspection.

Related provisions, authorised applicant, authorised person, issuing officer, relevant chief executive and relevant court

31(3)    
For the purposes of Part 2 of the Regulatory Powers Act, as that Part applies in relation to the provisions mentioned in subsection (1) and the information mentioned in subsection (2) :

(a)    there are no related provisions; and

(b)    the Regulator and each authorised officer is an authorised applicant; and

(c)    the Regulator and each authorised officer is an authorised person; and

(d)    an issuing officer (as defined in section 5 of this Act) is an issuing officer; and

(e)    the Regulator is the relevant chief executive; and

(f)    each relevant court (as defined in section 5 of this Act) is a relevant court.

Person assisting

31(4)    
An authorised person may be assisted by other persons in exercising powers or performing functions or duties under Part 2 of the Regulatory Powers Act in relation to the provisions mentioned in subsection (1) or information mentioned in subsection (2) .

Extension to external Territories etc.

31(5)    
Part 2 of the Regulatory Powers Act, as it applies in relation to the provisions mentioned in subsection (1) and the information mentioned in subsection (2) , extends to every external Territory.