(1) The competent authority may at all reasonable times, enter any premises or place of business of a Reporting Financial Institution for the purposes of —
(a) determining whether information —
(i) included in a return by the Reporting Financial Institution is correct and complete, or
(ii) not included in a return was correctly not included; or
(b) examining the procedures put in place by the Reporting Financial Institution for the purposes of ensuring compliance with the obligations of the Reporting Financial Institution under this Act.
(2) The competent authority may in writing delegate to a public officer to discharge such functions as he or she thinks fit and on such terms and conditions as he or she may specify.
(3) A public officer in discharging the functions delegated to him or her under subsection (2) is under every duty and has all the powers given to the competent authority under this Act.