Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may by writing authorise an ASIC member or ASIC staff member (an authorised person ) to make a requirement of a kind that this Part empowers ASIC to make.
Note: Failure to comply with a requirement made under this subsection is an offence (see section 290).
(2) An authorisation under this section may be of general application or may be limited by reference to all or any of the following:
(a) the persons of whom requirements may be made;
(b) the books that may be required to be produced;
(c) the information that may be required to be given.
(3) If an authorisation of an authorised person is in force under this section, the authorised person may make a requirement in accordance with the authorisation as if, in sections 265, 266 and 267:
(a) a reference to ASIC were a reference to the authorised person; and
(b) a reference to specified books were a reference to books that the authorised person specifies, whether in the requirement or not and whether orally or in writing, to the person of whom the requirement is made; and
(c) a reference to specified information were a reference to information that the authorised person specifies, whether in the requirement or not and whether orally or in writing, to the person of whom the requirement is made; and
(d) a reference to giving or producing to a specified person were a reference to giving or producing to the authorised person.