Power to obtain information under this Part
123.—(1)  The Minister or the Authority may require a person to furnish, within the period and in the manner specified by the Minister or the Authority, any information or document that the Minister or the Authority may reasonably require —
(a)for the discharge or exercise of the Minister’s or the Authority’s duties, functions or powers under this Part; or
(b)for transmission to a valuer appointed under section 115 in connection with the valuer’s role under Division 5C.
[Act 31 of 2017 wef 29/10/2018]
(2)  Any person who —
(a)without reasonable excuse, fails to comply with any requirement under subsection (1); or
(b)in purported compliance with any requirement under subsection (1), knowingly or recklessly furnishes any information or document that is false or misleading in a material particular,
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both and, in the case of a continuing offence, to a further fine not exceeding $12,500 for every day or part thereof during which the offence continues after conviction.
(3)  Where a person claims, before furnishing the Minister or the Authority with any information or document that the person is required to furnish under subsection (1), that the information or document might tend to incriminate the person, the information or document shall not be admissible in evidence against the person in criminal proceedings other than proceedings under subsection (2).
[Act 31 of 2017 wef 04/06/2018]
[Act 9 of 2013 wef 18/04/2013]