21. Information and statistics to be provided by finance companies

Every finance company must provide to the Authority at such time and in such manner as the Authority may prescribe, all such information and data as the Authority may reasonably require for the proper discharge of the Authority’s functions under the provisions of this Act.

Nothing in this Act authorises the Authority to enquire specifically into the affairs of an individual depositor of a finance company and any information relating to the affairs of that individual depositor obtained by the Authority in the course of an inspection or investigation made under this Act is to be secret between the Authority and that finance company.

Every finance company which fails or neglects to provide any information required by the Authority under subsection (1) within the time specified by the Authority shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 for every day during which the default continues after conviction.