NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 253 Notice requiring appearance for examination

NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 253

  (1)   This section applies if ASIC, on reasonable grounds, suspects or believes that a person can give information relevant to a matter that it is investigating, or is to investigate, under Part   6 - 1.

  (2)   ASIC may, by written notice given to the person in the form prescribed by the regulations, require the person:

  (a)   to give to ASIC all reasonable assistance in connection with the investigation; and

  (b)   to appear before a specified ASIC member or ASIC staff member for examination on oath and to answer questions.

Note:   Failure to comply with a requirement made under this subsection is an offence (see section   290).

  (3)   A notice given under subsection   (2) must:

  (a)   state the general nature of the matter referred to in subsection   (1); and

  (b)   set out the effect of subsection   257(1) and section   295.