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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 29 ASIC may inspect books without charge

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 29

ASIC may inspect books without charge

  (1)   A book that the corporations legislation (other than the excluded provisions) requires a person to keep must be open for inspection (without charge) by a person authorised in writing by ASIC.

  (2)   A person authorised under this section may require a person in whose possession the book is to make the book available for inspection by the first - mentioned person.

  (2A)   An offence under subsection   63(3) relating to subsection   (2) of this section is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .

  (3)   An authorisation under this section may be of general application or may be limited by reference to the books to be inspected.