Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may give the corporate director of a retail CCIV a direction, in writing, to give ASIC information about the arrangements contained in the compliance plan. The direction must specify the period (which must be at least 14 days after the direction is given) within which the corporate director must give the information.
(2) The corporate director must comply with the direction within the period specified.
(3) An offence based on subsection (2) is an offence of strict liability.