Section 908BR — Corporations Act 2001 (Cth)

(1) ASIC, APRA and the Reserve Bank are each a regulator to which this section applies.

(2) A person commits an offence if:

(a) the person is a benchmark administrator licensee; and

(b) a regulator to which this section applies reasonably requests, in writing, the person to:

(i) give the regulator access to the person’s books that relate to the person’s capacity as such a licensee; or

(ii) give other assistance to the regulator in relation to the performance of the regulator’s functions; and

(c) the person fails to comply with the request.

Penalty: 100 penalty units.

Related sections

• s 908BO — Matters to which ASIC must have regard
• s 908BP — General obligations
• s 908BQ — Obligation to notify ASIC of certain matters
• s 908BS — Obligation to give ASIC access to licensee’s facilities
• s 908BT — ASIC’s power to give directions to licensee not complying with obligations
• s 908BU — Minister may disallow all or part of an ASIC direction etc.

Research how courts apply s 908BR

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.