s 60 Power to issue directions
60.—(1) For the purpose of carrying out the provisions of this Part, the Registrar may give written directions, either of a general or specific nature, to the designated credit bureau.[7/2018] (2) The Registrar may, in particular, give directions setting out —(a) the manner in which the designated credit bureau is to perform its duties under this Part; (b) the manner in which data is to be processed by the designated credit bureau, including the requirement to preserve metadata in the course of processing data; or (c) the requirements relating to the availability or performance of any electronic online system used by the designated credit bureau for the collection, use or disclosure of borrower information or data.[7/2018] (3) Where the designated credit bureau, without reasonable excuse, fails to comply with a direction under subsection (1), the designated credit bureau shall be guilty of an offence and shall be liable on conviction —(a) to a fine not exceeding $100,000; and (b) in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.[30H [7/2018]