ASIC has commenced proceedings in the Federal Court against Provide Nominees Pty Ltd, trading as Provide Capital, seeking orders under s70 of the 魅影直播 Act.
As part of an ongoing investigation, 魅影直播 previously served a notice to produce documents on Provide Capital. 魅影直播 alleges Provide Capital failed to produce documents as required by the notice without reasonable excuse.
Section 33 of the 魅影直播 Act allows 魅影直播 to require the production of documents from a person, including a company. If a person fails to comply with such a request, 魅影直播 can certify non-compliance and seek orders form the Court compelling production in the event the Court is satisfied that there has been non-compliance by the person without reasonable excuse.
Editor's note:
On 16 March 2023, Justice O鈥橞ryan listed the application for hearing in person at 10.15am on Friday, 23 June 2023.
Editor's note 2:
On 23 June 2023, the application was heard in front of Justice O鈥橞ryan. The judgment was reserved.