AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GYB Compliance with substantiation notices
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GYB
Compliance with substantiation notices(1) A person who is given a substantiation notice must comply with it within the substantiation notice compliance period for the notice.
(2) The substantiation notice compliance period for a substantiation notice is:
(a) the period of 21 days specified in the notice; or
(b) if the period for complying with the notice has been extended under section 12GYA--the period as so extended.
(3) Despite subsection (1), an individual may refuse or
fail to give particular information or produce a particular document in
compliance with a substantiation notice on the ground that the information or
production of the document might tend to incriminate the individual or to
expose the individual to a penalty.