Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 3 - Obligations of financial services licensees  

SECTION 912E   SURVEILLANCE CHECKS BY ASIC  

912E(1)   [ Assistance must be given]  

A financial services licensee and its representatives must give such assistance to ASIC, or a person authorised by ASIC, as ASIC or the authorised person reasonably requests in relation to whether the licensee and its representatives are complying with the financial services laws, and in relation to the performance of ASIC's other functions.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).

912E(2)   [ Licensee's books]  

Such assistance may include showing ASIC the licensee's books or giving ASIC other information.


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