Section 6Part 2 — Establishment, Functions and Powers of the Special Economic Zone AuthorityAmended
Powers of the Authority
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The Authority shall have the power to facilitate —
the procurement, management, reclamation and disposal of land and other property for the purposes of a special economic zone;
the carrying out of development works and other building operations in, on or in respect of a special economic zone; and
the preservation, maintenance, regulation, management and improvement of a special economic zone and the provision of additional facilities to it.
The Authority may co-opt any person to attend any meeting of the Authority at which it is proposed to deal with a particular matter, for the purpose of assisting or advising the Authority but a co-opted person does not have the right to vote at the meeting to which the person was co-opted.
The Authority may delegate to the Secretariat —
the Authority’s function of —
examining and processing applications with respect to the approval and refusal of applications for renewal; and
amending the applicant’s trade certificate in accordance with section 23 of the Act; and
the Authority’s duties under subsection (1C).
The Authority shall —
whenever it thinks fit, examine, by way of the receipt of regular annual returns, or in such other manner as it thinks necessary, the affairs or business of any special economic zone enterprise for the purpose of satisfying itself that the trade certificate and this Law are being complied with; and
assist in the investigation of any offence against the laws of the Islands which it has reasonable grounds to believe has, or may have, been committed by a special economic zone enterprise or by any of its controllers, directors or senior officers acting in an official capacity.
In the performance of its functions under this Law, the Authority or the Secretariat to which the Authority’s functions are delegated is entitled at all reasonable times to request to have access to such books, records, vouchers, documents and any other information from the special economic zone enterprise, as the Authority may reasonably require.
A person who fails to comply with any requirement or request of the Authority under this section commits an offence and is liable —
on summary conviction to a fine of ten thousand dollars; or
on conviction on indictment to a fine of one hundred thousand dollars, and if the offence for which the person is convicted continues after conviction that person commits a further offence and is liable to a fine of ten thousand dollars for every day on which the offence is so continued.
A person who, knowingly or recklessly, furnishes any information, provides any explanation or makes any statement to the Authority which is false or misleading in a material particular commits an offence and is liable —
on summary conviction to a fine of ten thousand dollars and to imprisonment for six months; or
on conviction on indictment to a fine of one hundred thousand dollars and to imprisonment for five years.
No other provision of this Law by virtue of which any power is exercisable by the Authority shall be construed as limiting the effect of this section.