CORPORATIONS ACT 2001
|PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS
|Division 70 - Information
|Subdivision C - Record-keeping
Application of this section
This section applies if books are audited under section 70-15 or 70-20.
External administrator must give assistance etc.
The external administrator must give the auditor such books, information and assistance as the auditor reasonably requires.
Subsection (2) does not apply if the external administrator has a reasonable excuse.
A person commits an offence of strict liability if:
(a) the person is subject to a requirement under subsection (2); and
(b) the person fails to comply with the requirement.
Penalty: 5 penalty units.
Note: A defendant bears an evidential burden in relation to the matter in subsection (3) (see subsection 13.3(3) of the Criminal Code).