(1) This section applies if a
corporation or the trustee of a trust is the subject of a prohibition under
this Part.
(2) The Secretary may require the corporation or trustee to
provide information that the Secretary may reasonably require to ascertain the
identity of each person who has a management role or substantial interest in
the corporation or a substantial interest in the trust.
(3) The Secretary may
require any person who the Secretary reasonably believes has a management role
or substantial interest in the corporation or a substantial interest in the
trust to provide information that the Secretary may reasonably require to
ascertain:
(a) the identity of each corporation in which that person has a
management role or substantial interest, or
(b) the identity of the trustee
and any manager of a trust in which that person has a substantial interest.
(4) A requirement to provide information is to be imposed by written notice
served on the person, corporation or trustee concerned. The notice must
specify a period of not less than 7 days as the period within which the
required information must be provided.
(5) A person who fails, without
reasonable excuse, to comply with a requirement of a notice under this section
is guilty of an offence.
Maximum penalty:
(a) in the case of a corporation,
400 penalty units for a first offence or 800 penalty units for a second or
subsequent offence, or
(b) in any other case, 200 penalty units for a first
offence or 400 penalty units for a second or subsequent offence.
