INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS
—(1) The Authority may, by notice in the form and manner prescribed, require —
any operator or any person acting on behalf of an operator; or
any settlement institution,
of a payment system to provide to the Authority, within a reasonable period specified in the notice, all such information relating to the payment system as may be required by the Authority.
(2) Without prejudice to the generality of subsection (1), the Authority may in a notice issued under that subsection require any person referred to in paragraph (a), (b) or (c) of subsection (1) to provide, whether in the form of a return to be provided on a periodic basis or otherwise —
information relating to —
the operation of the payment system; and
the pricing of, or other form of consideration for, the services offered by the payment system;
information relating to the participation or other involvement of that person in the payment system; and
such other information as the Authority may require for the purposes of this Act.
(3) Subject to subsection (5), any person to whom a notice is issued under subsection (1) shall comply with the notice.
(4) Any person who fails to comply with a notice issued under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $15,000 for every day or part thereof during which the offence continues after conviction.
(5) A person to whom a notice is issued under subsection (1) shall not be obliged to disclose any information where he is prohibited by any written law from disclosing such information.
[Aust Payment Systems Act 1998, s. 26]