s 42 Power to obtain information
42.—(1) The Authority may, by written notice, direct any broadcasting company to obtain from any of its shareholders and to transmit to the Authority information —(a) as to whether that shareholder holds any share in the broadcasting company as beneficial owner or as trustee; and (b) if the shareholder holds the share as trustee, to indicate, so far as the shareholder can, the person for whom the shareholder holds the share (either by name or by other particulars sufficient to enable that person to be identified) and the nature of that person’s interest, and the broadcasting company must comply with that direction within the time that may be specified in the notice. (2) The Authority may, by written notice, require any shareholder of a broadcasting company, or any person who appears from the information provided to the Authority under subsection (1) or this subsection to have an interest in any share in a broadcasting company, to inform the Authority —(a) whether the person holds that interest as beneficial owner or as trustee, and if the person holds the interest as trustee, to indicate, so far as he or she can, the person for whom he or she holds the interest (either by name or by other particulars sufficient to enable that person to be identified) and the nature of his or her interest; or (b) whether any share or any voting right attached to the share is the subject of an agreement or arrangement described in section 35(3) or (4) or 36(4)(c)(ix), and if so, to give particulars of the agreement or arrangement and the parties to it, and the person must comply with the notice within the time that may be specified in the notice. (3) Any person who —(a) fails to comply with a notice under this section; or (b) in purported compliance of the notice, knowingly or recklessly makes a statement which is false in a material particular, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part of a day during which the offence continues after conviction.