46. Failure to comply with investigation powers

(1)

Any person who without reasonable excuse fails to comply with a requirement imposed on him under the investigation powers of the Authority is guilty of an offence and liable on conviction to a fine not exceeding $100,000, and, in the case of a continuing offence, with a further fine not exceeding $10,000

for every day or part thereof during which the offence continues after conviction.

\2)

A person who is convicted on a prosecution instituted as a result of an investigation under this section may in the same proceedings be ordered to pay the expenses of the investigation.

(3)

Any person who intentionally obstructs the exercise of any rights conferred by a warrant or fails without reasonable excuse to comply with any requirement to disclose the whereabouts of documents requested is guilty of an offence and liable on conviction to a fine not exceeding $500,000, imprisonment for a term not exceeding one year or both.

Report

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Part III

Market Operators and Market Infrastructure

Part IV

Self-Regulating Organisations

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Part X

Part X.

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Part VI

Public Company Statements and Reporting Requirements

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Part VII

Capital Markets Services Licence and Representative'S Licence

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Part VIII

Books, Audit and Client'S Assets

Part IX

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Part X

Intervention Powers of Authority

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Part XI

Complaints Committee and Investor Compensation Scheme

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Part XII

Financial Markets Services Panel

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Part XIII

General

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