Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may give to a person (the recipient ) a written notice requiring the production to a specified ASIC member or ASIC staff member, at a specified place and time, of specified books that are in the recipient's possession, custody or control and relate to:
(a) affairs of a licensee, credit representative or other person who engages, or has engaged, in a credit activity; or
(b) a matter referred to in paragraph 266(1)(d) or (e) or (2)(c) or (d).
(2) ASIC may give to a person (the recipient ) a written notice requiring the production to a specified ASIC member or ASIC staff member, at a specified place and time, of specified books that are in the recipient's possession, custody or control and that relate to the question whether an auditor has complied with audit requirements under the Commonwealth credit legislation.
Note: Failure to comply with a requirement made under this section is an offence (see section 290).