154N   Regulations

(1)  The regulations may make provision for or with respect to the following:

(a)  requiring the making and keeping of records by scheme agents and the giving of access to those records by scheme agents,

(b)  the obligations of scheme agents with respect to confidentiality and disclosure of information (including personal information),

(c)  the ownership, custody and control of records and other documents made and kept, or received and kept, by scheme agents.

(2)  The regulations may create offences, punishable by a penalty not exceeding 200 penalty units, for a contravention by a person of an obligation imposed on the person by or under an agency arrangement.

(3)  A reference in this section to a scheme agent includes a reference to a person who was formerly (but is no longer) a scheme agent.