Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1 Streamlining prudential regulation

Repeal the subsection (but not the penalty or notes), substitute:

(1A) An ADI commits an offence if:

(a) the ADI does not give the investigator access to its books, accounts and documents; or

(b) the ADI fails to comply with a requirement made under subsection (1) for the provision of information or facilities.