Victorian Consolidated Legislation

Credit (Administration) Act 1984 - SECT 20

Specified persons to produce documents and answer questions

20. Specified persons to produce documents and answer questions



(1) For the purpose of monitoring compliance with the Credit Acts or the
regulations under those Acts, an inspector may require a registered credit
provider or a finance broker or a specified person at a time and place
specified by the inspector-

   (a)  to answer orally or in writing any questions put by the inspector
        relating to the credit provider's business as a credit provider or the
        finance broker's business as a finance broker;

   (b)  to supply orally or in writing information required by the inspector
        relating to that business;

   (c)  to produce to the inspector specified documents or documents of a
        specified class relating to that business.

(2) In this section specified person means-

   (a)  in relation to the business of a registered credit provider-

   (i)  a person whose registration as a credit provider has been surrendered
        or cancelled within the last 3 years; or

   (ii) a person who is a director or officer of a corporation which is a
        registered credit provider; or

   (iii) if the registration of a corporation as a credit provider has been
        surrendered or cancelled within the last 3 years, a person who was a
        director or officer of a corporation at the time the registration was
        surrendered or cancelled; or

   (iv) a person who is an executor, administrator or trustee (including a
        trustee company within the meaning of the Trustee Companies Act 1984)
        of the estate of a deceased registered credit provider who is carrying
        on the business of the credit provider pursuant to the Credit Acts; or

   (b)  in relation to the business of a finance broker-

   (i)  a person who is a director or officer of a corporation which is a
        finance broker; or

   (ii) a person who is an executor, administrator or trustee (including a
        trustee company within the meaning of the Trustee Companies Act 1984)
        of the estate of a deceased finance broker who is carrying on the
        business of the finance broker.