INSURANCE ACT 1973 - SECT 62C Powers of APRA or inspector
INSURANCE ACT 1973 - SECT 62C
Powers of APRA or inspector(1) If APRA believes on reasonable grounds that a person has or may have custody or control of information relevant to an investigation under this Part by APRA, APRA may, by written notice given to the person, require the person:
(a) to produce to APRA, within the time specified in the notice, all or any of the books containing information relevant to the investigation that are in the custody or under the control of the person; or
(b) to give to APRA all reasonable assistance in connection with the investigation; or
(c) to appear before a specified authorised person for examination concerning matters relevant to the investigation.
(2) If an inspector believes on reasonable grounds that a person has or may have custody or control of information relevant to an investigation under this Part by the inspector, the inspector may, by written notice given to the person, require the person:
(a) to produce to the inspector, within the time specified in the notice, all or any of the books containing information relevant to the investigation that are in the custody or under the control of the person; or
(b) to give to the inspector all reasonable assistance in connection with the investigation; or
(c) to appear before the inspector for examination concerning matters relevant to the investigation.
(3) The time specified in a notice for the purposes of paragraph (1)(a) or (2)(a) must be a time that is reasonable in the circumstances.
(4) If books are produced to APRA or the inspector under this section, APRA, the inspector or an authorised person may make copies of them.
(5) A person who complies with a requirement of APRA or the
inspector under this section does not incur any liability to any other person
merely because of that compliance.