Superannuation Industry (Supervision) Act 1993
If, to decide an application under subsection 126B(1) , the Regulator needs:
(a) further information; or
(b) the applicant's consent to the Regulator making inquiries about the applicant from another person;
the Regulator may ask an applicant to provide information or consent.
The Regulator may, by notice in writing, require a person who has made an application under subsection 126B(1) to pay to the Regulator an amount equal to the amount of any fees charged to the Regulator by any law enforcement agency, regulatory agency or court for answering any inquiry by the Regulator about the applicant if the fees:
(a) are of a kind prescribed for the purposes of this subsection; and
(b) exceed an amount prescribed for the purposes of this subsection, or exceed, in total, such an amount.
The Regulator may, on the application of a person who has made an application under subsection 126B(1) , waive in whole or in part, the requirement to pay an amount under subsection (2) if the Regulator is satisfied that there are special circumstances making it unfair to require the applicant to pay that amount or that part of that amount.
If the applicant fails to comply with the request, the Regulator must treat the application as having been withdrawn.
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