Page:Moneylenders Act 2008.pdf/28

28 :(b) in an account or explanation to the Registrar under subsection (4), which 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 $30,000 or to imprisonment for a term not exceeding 12 months or to both.

(8) Where a licensee submits a statement after the time for submission prescribed under subsection (3), the Registrar may impose a late submission fee not exceeding $100 for every day or part thereof that the submission is late, subject to a maximum of $2,000.

Power to inspect, and require information or documents

25.—(1) For the purpose of determining whether this Act has been complied with, the Registrar or an officer duly authorised by him (referred to in this section as an authorised officer) may at any time—
 * (a) inspect any premises where a moneylender is or is believed to be carrying on business and the books, records and other documents kept there;
 * (b) require the moneylender or any other person to furnish any information, book, record or other document;
 * (c) make or cause to be made a copy of any book, record or other document inspected or produced;
 * (d) take photographs or video recording of the premises inspected or any part thereof; and
 * (e) seize and remove from the premises any book, record or other document, or any machine or equipment containing any book, record or other document.

(2) Any person who, without reasonable excuse, fails or refuses—
 * (a) to grant to the Registrar or an authorised officer access to the premises or any part thereof, or to any book, record or other document, under subsection (1)(a);
 * (b) to furnish the Registrar or an authorised officer with any information, book, record or other document required under subsection (1)(b);