Overseas Investment Act 2005 No 82 (as at 01 October 2008), Public Act

40 Regulator may require consent holder to provide statutory declaration as to compliance
  • (1) The regulator may, by notice in writing, require a consent holder to provide the regulator with a statutory declaration verifying—

    • (a) the extent to which the consent holder has complied with the conditions of the consent; and

    • (b) if the consent holder is in breach of a condition or conditions, the reasons for the breach and the steps that the consent holder intends to take to remedy the breach.

    (2) The consent holder must provide the declaration—

    • (a) within the time specified by the notice; or

    • (b) if the notice specifies that the consent holder must provide the declaration at intervals, at those intervals.

    (3) A declaration that is made under this section is not admissible in evidence in any proceedings under this Act except proceedings under section 46.