s 64 Responsibilities of directors, officers, etc., of designated credit bureau during period of control
64.—(1) During the period when the statutory manager is in control of the relevant business of the designated credit bureau —(a) the General Division of the High Court may, on an application of the statutory manager, direct any former or current relevant person of the designated credit bureau to pay, deliver, convey, surrender or transfer to the statutory manager, within the period specified by the General Division of the High Court, any property or book of the designated credit bureau that —(i) forms part of or relates to the relevant business of the designated credit bureau under this Part; and (ii) is in the person’s possession or control; and (b) any former or current relevant person of the designated credit bureau must provide the statutory manager any information that the statutory manager may require to —(i) discharge its duties or functions; or (ii) exercise its powers, in relation to the designated credit bureau, within such time and in such manner as the statutory manager may specify. [7/2018; 40/2019] (2) Any person who —(a) without reasonable excuse, fails to comply with subsection (1)(b); or (b) in purported compliance with subsection (1)(b), knowingly or recklessly provides any information or document that is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $125,000 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 $12,500 for every day or part of a day during which the offence continues after conviction. [7/2018] (3) In this section, “relevant person”, in relation to the designated credit bureau, means a chief executive officer, director, executive officer, employee, agent, banker, auditor or office-holder of, or trustee for, the designated credit bureau.[30L [7/2018]