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FINANCIAL SERVICES COMPENSATION SCHEME OF LAST RESORT LEVY (COLLECTION) ACT 2023 - SECT 20

Substantiation notices

  (1)   This section applies to a person if:

  (a)   the person has provided to ASIC, under section   8 for a levy period, information ( required information ) relating to the person or to one or more other persons on whom levy may be imposed; or

  (b)   information (also required information ) relating to the person is to be used by ASIC for the purposes of calculating the levy payable by the person for a levy period.

  (2)   ASIC may give the person a written notice that requires the person to do either or both of the following:

  (a)   give to ASIC, within the period and in the manner and form specified in the notice, information that could be capable of substantiating the required information;

  (b)   produce to ASIC, within the period and in the manner and form specified in the notice, documents that could be capable of substantiating the required information.

  (3)   The notice must:

  (a)   name the person to whom it is given; and

  (b)   specify the information to which it relates; and

  (c)   explain the effect of sections   21 and 22.



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