(1) The Competent Authority may serve a notice in writing on a relevant entity to provide information that satisfies the economic substance requirements under this Act.
(2) A notice issued under this section must —
(a) contain details of the information required;
(b) direct the person to deliver the information;
(c) specify the time within which the information sought in the notice is to be delivered to the Competent Authority.
(3) A relevant entity may request an extension of time to satisfy a notice issued under subsection (2).
(4) The Competent Authority may extend the time specified in the notice issued under subsection (2) where he or she considers that the circumstances necessitate an extension.
(5) A relevant entity that is directed by a notice to deliver information to the Competent Authority shall deliver it to the Competent Authority in accordance with the notice.
(6) A relevant entity shall not —
(a) in, or in connection with, delivering information under this section, wilfully tamper with or alter any information or any part of the information so that the information or any aspect of it is false when received by the Competent Authority;
(b) wilfully alter, destroy, damage or conceal any information required by the Competent Authority under this section.
(7) A relevant entity that contravenes subsection (5) or (6), commits an offence and is liable on summary conviction to a fine not exceeding fifty thousand dollars or to imprisonment for a term not exceeding six years or to both.