Retirement Savings Accounts Act 1997

PART 10 - MONITORING AND INVESTIGATION  

Division 3 - Investigations by the Regulator  

SECTION 95   INVESTIGATION OF RSA PROVIDER  

95(1)  


If it appears to the Regulator that a contravention of this Act or the regulations or the Financial Sector (Collection of Data) Act 2001 may have occurred, or be occurring, in relation to an RSA provider, the Regulator may, by written notice, tell the RSA provider that the Regulator proposes to conduct an investigation of the whole or a part of the affairs of the RSA provider.

95(1A)  


If it appears to ASIC that an RSA provider has refused or failed to give effect to a determination made under the AFCA scheme (within the meaning of Chapter 7 of the Corporations Act 2001 ), ASIC may, by written notice, tell the RSA provider that ASIC proposes to conduct an investigation of the whole or a part of the affairs of the RSA provider.

95(2)  


If a notice is given under subsection (1) or (1A) to an RSA provider, the following provisions of this Division apply in relation to the RSA provider.



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