Requirement to provide assistance
(1) If ASIC, or a person authorised by ASIC, reasonably requests assistance from a Part 3 - 2CA body (the assisting body ) about whether:
(a) the assisting body; or
(b) another Part 3 - 2CA body;
is complying with this Part (other than Division 4), the assisting body must give ASIC or the authorised person the requested assistance.
Civil penalty: 5,000 penalty units.
(2) If the request is in writing, it is not a legislative instrument.
Offence
(3) A person commits an offence if:
(a) the person is subject to a requirement to give ASIC or an authorised person assistance under subsection (1); and
(b) the person engages in conduct; and
(c) the conduct contravenes the requirement.
Criminal penalty: 6 months imprisonment.