New South Wales Consolidated Acts

LOAN FUND COMPANIES ACT 1976 - SECT 53

53 Further powers of Supervisor after inquiry

After completing an inquiry under this Division, the Supervisor:

(a) may retain the records of which the Supervisor has taken possession under section 51 for such period as the Supervisor considers to be necessary to enable a decision to be made as to whether or not legal proceedings ought to be instituted as a result of the inquiry,

(b) may retain the records for such further period as the Supervisor considers to be necessary to enable any such proceedings to be instituted and prosecuted,

(c) may permit other persons to inspect the records while they are in the Supervisor’s possession,

(d) may permit the use of the records for the purposes of legal proceedings instituted as a result of the inquiry, and

(e) shall permit a person who would be entitled to inspect any one or more of the records if they were not in the possession of the Supervisor to inspect at all reasonable times such of the records as that person would be so entitled to inspect.