ASIC's expectations for production are now made clear
ASIC has released its new Document Production Guidelines, which govern how it expects electronic and hard copy records to be produced in response to compulsory notices.
While the Guidelines are not mandatory, consequences may apply to businesses that do not adhere to ASIC’s preferred approach.
Allens was one of a small number of firms consulted by ASIC in preparing the Guidelines. We share our insights on ASIC's new expectations and their ramifications for how law firms and businesses deal with, and respond to, ASIC investigations.